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

Liabilities on Revenue
Year 2021 Quarter 1: Liabilities on Revenue 104870000000.0 (%).Trend:Decrease 13.52% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 75930000000.0 (%).Trend:Decrease 27.6% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 65920000000.0 (%).Trend:Decrease 13.18% than previous quarter

Overall: decreasing (-37.14%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 131760000000.0 (%).Trend:Increase 1.51% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 113250000000.0 (%).Trend:Decrease 14.05% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 115050000000.0 (%).Trend:Increase 1.59% than previous quarter

Overall: decreasing (-12.68%). Fluctuation: **Little** (low variation).


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

Ratio of Retained Earnings to Revenue
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 144170000000.0 (%).Trend:Increase 14.44% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 159380000000.0 (%).Trend:Increase 10.55% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 174080000000.0 (%).Trend:Increase 9.22% than previous quarter

Overall: increasing (20.75%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 23980000000.0 (%).Trend:Decrease 56.67% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 50950000000.0 (%).Trend:Increase 112.47% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 77820000000.0 (%).Trend:Increase 52.74% than previous quarter

Overall: increasing (224.52%). Fluctuation: **Significant** (high variation).


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

Retained Earning on Assets
Year 2021 Quarter 1: Retained Earning on Assets 40.25 (%).Trend:Increase 12.81% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 45.22 (%).Trend:Increase 12.35% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 48.74 (%).Trend:Increase 7.78% than previous quarter

Overall: increasing (21.09%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 4.81 (USD).Trend:Decrease 39.88% than previous quarter
Year 2021 Quarter 2: Earning Per Share 12.69 (USD).Trend:Increase 163.83% than previous quarter
Year 2021 Quarter 3: Earning Per Share 20.31 (USD).Trend:Increase 60.05% than previous quarter

Overall: increasing (322.25%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2021 to Q3 2021 indicate a clear decrease in liabilities on revenue (-37.14%), with moderate fluctuation. Current assets on revenue also show a slight decrease (-12.68%) with little variation. The ratio of retained earnings to revenue consistently increased (20.75%) with low variation. The SG&A expense ratio rose considerably (224.52%) exhibiting significant fluctuation.  Invest efficiency shows a steady increase (21.09%) in retained earnings on assets with little variation. Earnings per share experienced a large increase (322.25%), with high variability.