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 354461300000.0 (%).Trend:Decrease 1.68% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 344134500000.0 (%).Trend:Decrease 2.91% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 373503200000.0 (%).Trend:Increase 8.53% than previous quarter

Overall: increasing (5.37%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 501039900000.0 (%).Trend:Decrease 0.34% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 516953700000.0 (%).Trend:Increase 3.18% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 592615900000.0 (%).Trend:Increase 14.64% than previous quarter

Overall: increasing (18.28%). 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 141324200000.0 (%).Trend:Increase 1.39% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 116279000000.0 (%).Trend:Decrease 17.72% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 104834500000.0 (%).Trend:Decrease 9.84% than previous quarter

Overall: decreasing (-25.82%). Fluctuation: **Neutral** (moderate 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 19.43 (%).Trend:Increase 0.94% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 16.56 (%).Trend:Decrease 14.77% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 13.34 (%).Trend:Decrease 19.44% than previous quarter

Overall: decreasing (-31.34%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial analysis of Q3 2020 to Q2 2021 reveals a mixed picture.  Working capital efficiency shows increasing liabilities and a substantial increase in current assets on revenue. Cost efficiency (ratio of retained earnings to revenue) continues its declining trend.  Investment efficiency (retained earnings on assets) also demonstrates a substantial decline.