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

Liabilities on Revenue
Year 2020 Quarter 3: Liabilities on Revenue 20552200000.0 (%).Trend:Decrease 1.72% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 16028600000.0 (%).Trend:Decrease 22.01% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 15585300000.0 (%).Trend:Decrease 2.77% than previous quarter

Overall: decreasing (-24.17%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 36173900000.0 (%).Trend:Increase 0.18% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 39293400000.0 (%).Trend:Increase 8.62% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 40931500000.0 (%).Trend:Increase 4.17% than previous quarter

Overall: increasing (13.15%). Fluctuation: **Little** (low variation).


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

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 28404700000.0 (%).Trend:Increase 5.12% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 28747200000.0 (%).Trend:Increase 1.21% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 28193500000.0 (%).Trend:Decrease 1.93% than previous quarter

Overall: decreasing (-0.74%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio

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

Retained Earning on Assets
Year 2020 Quarter 3: Retained Earning on Assets 26.3 (%).Trend:Increase 4.28% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 26.07 (%).Trend:Decrease 0.87% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 24.91 (%).Trend:Decrease 4.45% than previous quarter

Overall: decreasing (-5.29%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis from Q3 2020 to Q2 2021 shows liabilities on revenue decreasing (-24.17%), suggesting a decrease in financial commitments.  Current assets on revenue are increasing (13.15%), possibly indicating improved asset management. The ratio of retained earnings to revenue is declining slightly (-0.74%), with little fluctuation. Finally, investment efficiency shows a decrease in retained earnings on assets (-5.29%).  Additional analysis is needed to determine the reasons behind these trends.