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 47100000000.0 (%).Trend:Decrease 3.52% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 30520000000.0 (%).Trend:Decrease 35.2% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 36950000000.0 (%).Trend:Increase 21.07% than previous quarter

Overall: decreasing (-21.55%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 80660000000.0 (%).Trend:Decrease 1.36% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 34680000000.0 (%).Trend:Decrease 57.0% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 53260000000.0 (%).Trend:Increase 53.58% than previous quarter

Overall: decreasing (-33.97%). Fluctuation: **Significant** (high 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 35760000000.0 (%).Trend:Increase 13.56% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 20140000000.0 (%).Trend:Decrease 43.68% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 30950000000.0 (%).Trend:Increase 53.67% than previous quarter

Overall: decreasing (-13.45%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8530000000.0 (%).Trend:Increase 83.44% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3020000000.0 (%).Trend:Decrease 64.6% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6360000000.0 (%).Trend:Increase 110.6% than previous quarter

Overall: decreasing (-25.44%). Fluctuation: **Significant** (high variation).


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 10.96 (%).Trend:Increase 11.95% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 7.23 (%).Trend:Decrease 34.03% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 10.42 (%).Trend:Increase 44.12% than previous quarter

Overall: decreasing (-4.93%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -2.5 (USD).Trend:Decrease 30.36% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.93 (USD).Trend:Decrease 137.2% than previous quarter
Year 2021 Quarter 2: Earning Per Share 3.72 (USD).Trend:Increase 300.0% than previous quarter

Overall: increasing (-248.8%). Fluctuation: **Significant** (high variation).



Financial analysis for Q3 2020 to Q2 2021 reveals a pattern of decreasing efficiency across several key metrics.  Liabilities on revenue are decreasing by 21.55%, while current assets on revenue show a significant and fluctuating decrease by 33.97%. Cost efficiency shows a marked decrease in the ratio of retained earnings to revenue by 13.45%, and a significant fluctuating decrease in SG&A expense ratio by 25.44%.  Investment efficiency is decreasing by 4.93%. Earnings per share show a major fluctuating trend from negative to positive.  The results suggest a period of fluctuating financial challenges that require careful management and strategic adjustments.