Working Capital Efficiency
The data from Quater 1 in 2020 to Quater 3 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2020 Quarter 1: Liabilities on Revenue 26560000000.0 (%).Trend:Decrease 1.86% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 40816400000.0 (%).Trend:Increase 53.68% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 34634600000.0 (%).Trend:Decrease 15.15% than previous quarter

Overall: increasing (30.4%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 146266500000.0 (%).Trend:Decrease 7.36% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 159465400000.0 (%).Trend:Increase 9.02% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 160479500000.0 (%).Trend:Increase 0.64% than previous quarter

Overall: increasing (9.72%). Fluctuation: **Little** (low variation).


Cost Efficiency
The data from Quater 1 in 2020 to Quater 3 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 106492700000.0 (%).Trend:Decrease 2.27% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 105329500000.0 (%).Trend:Decrease 1.09% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 106743700000.0 (%).Trend:Increase 1.34% than previous quarter

Overall: increasing (0.24%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 4941000000.0 (%).Trend:Decrease 67.67% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10181700000.0 (%).Trend:Increase 106.07% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16115200000.0 (%).Trend:Increase 58.28% than previous quarter

Overall: increasing (226.15%). Fluctuation: **Significant** (high variation).


Invest Efficiency
The data from Quater 1 in 2020 to Quater 3 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2020 Quarter 1: Retained Earning on Assets 50.55 (%).Trend:Decrease 0.24% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 46.97 (%).Trend:Decrease 7.08% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 44.69 (%).Trend:Decrease 4.85% than previous quarter

Overall: decreasing (-11.59%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.3 (USD).Trend:Decrease 86.61% than previous quarter
Year 2020 Quarter 2: Earning Per Share 0.6 (USD).Trend:Increase 100.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.95 (USD).Trend:Increase 225.0% than previous quarter

Overall: increasing (550.0%). Fluctuation: **Significant** (high variation).



Financial data from Q1 2020 to Q3 2021 reveals a mix of positive and negative trends. Liabilities on revenue increased moderately (30.4%) with neutral fluctuation. Current assets on revenue, conversely, showed steady growth (9.72%) with little fluctuation.  The ratio of retained earnings to revenue remained relatively constant and upward trending (0.24%).  However, the SG&A expense ratio experienced considerable volatility (226.15%), which warrants further review. Retained earnings on assets decreased (-11.59%), suggesting a need for further analysis of investment strategies. Earnings per share increased significantly (550%), potentially driven by gains in revenue or other factors.