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 995300000000.0 (%).Trend:Decrease 5.42% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 1286900000000.0 (%).Trend:Increase 29.3% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 1458500000000.0 (%).Trend:Increase 13.33% than previous quarter

Overall: increasing (46.54%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 2266100000000.0 (%).Trend:Decrease 1.02% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 2129900000000.0 (%).Trend:Decrease 6.01% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 1909900000000.0 (%).Trend:Decrease 10.33% than previous quarter

Overall: decreasing (-15.72%). 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 -1985100000000.0 (%).Trend:Decrease 1.57% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -2163900000000.0 (%).Trend:Increase 9.01% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -2276200000000.0 (%).Trend:Increase 5.19% than previous quarter

Overall: decreasing (14.66%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 395700000000.0 (%).Trend:Increase 51.55% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 125400000000.0 (%).Trend:Decrease 68.31% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 263800000000.0 (%).Trend:Increase 110.37% than previous quarter

Overall: decreasing (-33.33%). 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 -30.71 (%).Trend:Decrease 1.0% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -34.6 (%).Trend:Increase 12.67% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -38.08 (%).Trend:Increase 10.06% than previous quarter

Overall: decreasing (24.0%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 9.61 (USD).Trend:Increase 56.01% than previous quarter
Year 2021 Quarter 1: Earning Per Share 2.85 (USD).Trend:Decrease 70.34% than previous quarter
Year 2021 Quarter 2: Earning Per Share 3.67 (USD).Trend:Increase 28.77% than previous quarter

Overall: decreasing (-61.81%). Fluctuation: **Significant** (high variation).



The analysis covers Q3 2020 to Q2 2021. Liabilities on revenue increased significantly, current assets decreased with low variation. Cost efficiency shows significant fluctuation. Retained earnings to revenue decreased, SG&A expenses fluctuated widely. Investment efficiency had significant fluctuations, with retained earnings on assets decreasing and earnings per share decreasing.