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 80520000000.0 (%).Trend:Decrease 8.48% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 76900000000.0 (%).Trend:Decrease 4.5% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 87550000000.0 (%).Trend:Increase 13.85% than previous quarter

Overall: increasing (8.73%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 136410000000.0 (%).Trend:Increase 11.62% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 124450000000.0 (%).Trend:Decrease 8.77% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 135530000000.0 (%).Trend:Increase 8.9% than previous quarter

Overall: decreasing (-0.65%). Fluctuation: **Little** (low 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 49640000000.0 (%).Trend:Decrease 15.36% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 50440000000.0 (%).Trend:Increase 1.61% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 54140000000.0 (%).Trend:Increase 7.34% than previous quarter

Overall: increasing (9.07%). Fluctuation: **Little** (low 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 11.85 (%).Trend:Decrease 10.7% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 12.52 (%).Trend:Increase 5.65% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 13.48 (%).Trend:Increase 7.67% than previous quarter

Overall: increasing (13.76%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -1.07 (USD).Trend:Increase 2040.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.73 (USD).Trend:Decrease 31.78% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.01 (USD).Trend:Decrease 238.36% than previous quarter

Overall: increasing (-194.39%). Fluctuation: **Significant** (high variation).



Financial analysis of Q2 2020 to Q1 2021 reveals mixed financial performance. Liabilities on revenue show a slight increase overall with minor fluctuations. Current assets on revenue show a slight decrease overall with minimal variation. Cost efficiency (ratio of retained earnings to revenue) increased slightly overall with low volatility. Investment efficiency (retained earnings on assets) saw a noticeable upward trend with very little fluctuation.  Earnings per share show an overall increase but substantial volatility.