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 10814600000.0 (%).Trend:Decrease 7.91% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 10916400000.0 (%).Trend:Increase 0.94% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 14966500000.0 (%).Trend:Increase 37.1% than previous quarter

Overall: increasing (38.39%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 38455300000.0 (%).Trend:Increase 4.85% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 40697700000.0 (%).Trend:Increase 5.83% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 52711800000.0 (%).Trend:Increase 29.52% than previous quarter

Overall: increasing (37.07%). 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 38062600000.0 (%).Trend:Increase 9.38% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 40718900000.0 (%).Trend:Increase 6.98% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 49456600000.0 (%).Trend:Increase 21.46% than previous quarter

Overall: increasing (29.93%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10316600000.0 (%).Trend:Increase 98.41% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15204900000.0 (%).Trend:Increase 47.38% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5054700000.0 (%).Trend:Decrease 66.76% than previous quarter

Overall: decreasing (-51.0%). Fluctuation: **Significant** (high variation).


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 67.15 (%).Trend:Increase 6.18% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 69.1 (%).Trend:Increase 2.9% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 69.49 (%).Trend:Increase 0.56% than previous quarter

Overall: increasing (3.48%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 1.0 (USD).Trend:Decrease 98.65% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 50.0% than previous quarter

Overall: stable (0.0%). Fluctuation: **Significant** (high variation).



Financial analysis from Q2 2020 to Q1 2021 shows a diverse financial picture. Working capital measures show a neutral, moderate trend towards improvement. Cost efficiency (retained earnings to revenue) also indicates a general upward trend.  Investment efficiency displays little fluctuation, with consistent growth.  The SG&A expense ratio, however, shows significant variation and a downward trend.  Earning per share is highly volatile with no discernible overall trend.