Working Capital Efficiency
The data from Quater 2 in 2020 to Quater 1 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2020 Quarter 2: Liabilities on Revenue 7137000000.0 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 9552200000.0 (%).Trend:Increase 33.84% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 8259000000.0 (%).Trend:Decrease 13.54% than previous quarter

Overall: increasing (15.72%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 13747400000.0 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 20426300000.0 (%).Trend:Increase 48.58% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 19699000000.0 (%).Trend:Decrease 3.56% than previous quarter

Overall: increasing (43.29%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 2 in 2020 to Quater 1 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 6303200000.0 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 6321400000.0 (%).Trend:Increase 0.29% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 7245400000.0 (%).Trend:Increase 14.62% than previous quarter

Overall: increasing (14.95%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13209100000.0 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19612800000.0 (%).Trend:Increase 48.48% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7130600000.0 (%).Trend:Decrease 63.64% than previous quarter

Overall: decreasing (-46.02%). Fluctuation: **Significant** (high variation).


Invest Efficiency
The data from Quater 2 in 2020 to Quater 1 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2020 Quarter 2: Retained Earning on Assets 14.52 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 12.2 (%).Trend:Decrease 15.98% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 14.33 (%).Trend:Increase 17.46% than previous quarter

Overall: decreasing (-1.31%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements for Q2 2020 to Q1 2021 show a mixed picture of financial performance. Working capital efficiency indicates moderate increases in both liabilities and current assets on revenue, with neutral fluctuation. Cost efficiency suggests a positive trend in the ratio of retained earnings to revenue (14.95% increase) with little variation, however, SG&A expense ratio decreased significantly (-46.02%) with substantial volatility. Investment efficiency reveals a slight overall decrease in retained earnings on assets (-1.31%) with little fluctuation.  The data highlight the need to investigate the substantial decrease in SG&A expense.