Working Capital Efficiency
The data from Quater 2 in 2020 to Quater 3 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2020 Quarter 2: Liabilities on Revenue 10284800000.0 (%).Trend:Increase 36.24% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 8966000000.0 (%).Trend:Decrease 12.82% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 10080400000.0 (%).Trend:Increase 12.43% than previous quarter

Overall: decreasing (-1.99%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 44883800000.0 (%).Trend:Decrease 10.76% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 44537000000.0 (%).Trend:Decrease 0.77% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 52290300000.0 (%).Trend:Increase 17.41% than previous quarter

Overall: increasing (16.5%). Fluctuation: **Little** (low variation).


Cost Efficiency
The data from Quater 2 in 2020 to Quater 3 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 90048500000.0 (%).Trend:Decrease 0.91% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 91423400000.0 (%).Trend:Increase 1.53% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 98021200000.0 (%).Trend:Increase 7.22% than previous quarter

Overall: increasing (8.85%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8820300000.0 (%).Trend:Increase 107.66% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13243400000.0 (%).Trend:Increase 50.15% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13549400000.0 (%).Trend:Increase 2.31% than previous quarter

Overall: increasing (53.62%). Fluctuation: **Neutral** (moderate variation).


Invest Efficiency
The data from Quater 2 in 2020 to Quater 3 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2020 Quarter 2: Retained Earning on Assets 81.03 (%).Trend:Decrease 2.2% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 81.85 (%).Trend:Increase 1.01% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 79.61 (%).Trend:Decrease 2.74% than previous quarter

Overall: decreasing (-1.75%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -1.15 (USD).Trend:Increase 22.34% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.87 (USD).Trend:Decrease 24.35% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.13 (USD).Trend:Decrease 114.94% than previous quarter

Overall: increasing (-111.3%). Fluctuation: **Significant** (high variation).



Financial analysis from Q2 2020 to Q3 2021 shows mixed results. Working capital efficiency shows slight decreases in liabilities and increases in current assets, but with little fluctuation. Cost efficiency demonstrates an increase in SG&A expense ratio and retained earnings, again with minimal variation. Investment efficiency shows a slight decline in retained earnings on assets.  Earning per share displays substantial inconsistencies, with a positive turn but large swings.