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 1040075600.0 (%).Trend:Decrease 13.99% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 1025389400.0 (%).Trend:Decrease 1.41% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 1785967400.0 (%).Trend:Increase 74.17% than previous quarter

Overall: increasing (71.72%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 3858109100.0 (%).Trend:Decrease 5.02% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 3962367100.0 (%).Trend:Increase 2.7% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 3453257500.0 (%).Trend:Decrease 12.85% than previous quarter

Overall: decreasing (-10.49%). 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 571613400.0 (%).Trend:Increase 25.38% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 700939800.0 (%).Trend:Increase 22.62% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 1074751700.0 (%).Trend:Increase 53.33% than previous quarter

Overall: increasing (88.02%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 518444700.0 (%).Trend:Increase 59.36% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 654217100.0 (%).Trend:Increase 26.19% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 384177200.0 (%).Trend:Decrease 41.28% than previous quarter

Overall: decreasing (-25.9%). 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 11.86 (%).Trend:Increase 28.22% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 14.26 (%).Trend:Increase 20.24% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 17.26 (%).Trend:Increase 21.04% than previous quarter

Overall: increasing (45.53%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial analysis from Q2 2020 to Q1 2021 reveals mixed trends. Liabilities on revenue initially decrease, then increase significantly (71.72%) with substantial fluctuation. Current assets on revenue show a slight decrease (-10.49%) with little fluctuation. Cost efficiency shows an increase in the retained earnings-to-revenue ratio (88.02%) with significant fluctuation and a decline in SG&A expense ratio (-25.9%) with significant fluctuation. Investment efficiency demonstrates an increase in retained earnings on assets (45.53%) with moderate variation.