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 44891900000.0 (%).Trend:Decrease 12.97% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 56521000000.0 (%).Trend:Increase 25.9% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 48114400000.0 (%).Trend:Decrease 14.87% than previous quarter

Overall: increasing (7.18%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 48099900000.0 (%).Trend:Decrease 21.73% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 59246600000.0 (%).Trend:Increase 23.17% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 42022700000.0 (%).Trend:Decrease 29.07% than previous quarter

Overall: decreasing (-12.63%). 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 -160512800000.0 (%).Trend:Increase 14.18% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -164251200000.0 (%).Trend:Increase 2.33% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -172532400000.0 (%).Trend:Increase 5.04% than previous quarter

Overall: decreasing (7.49%). Fluctuation: **Significant** (high variation).

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

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 -40.26 (%).Trend:Increase 19.82% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -40.12 (%).Trend:Decrease 0.35% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -43.58 (%).Trend:Increase 8.62% than previous quarter

Overall: decreasing (8.25%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -0.94 (USD).Trend:Increase 108.89% than previous quarter
Year 2020 Quarter 3: Earning Per Share -1.04 (USD).Trend:Increase 10.64% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.22 (USD).Trend:Decrease 78.85% than previous quarter

Overall: increasing (-76.6%). Fluctuation: **Significant** (high variation).



Working capital efficiency, from Q2 2020 to Q1 2021, shows liabilities on revenue increasing overall (7.18%), with neutral fluctuation. Current assets on revenue are decreasing overall (-12.63%), also with neutral fluctuation. Cost efficiency reveals a significant decreasing trend (7.49%) in the ratio of retained earnings to revenue, with significant fluctuation.  Investment efficiency also displays a significant decreasing trend (8.25%) in retained earnings on assets. Earnings per share show an overall increase (-76.6%) and significant fluctuation.