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 768714400000.0 (%).Trend:Increase 16.46% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 466954700000.0 (%).Trend:Decrease 39.26% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 764725100000.0 (%).Trend:Increase 63.77% than previous quarter

Overall: decreasing (-0.52%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 937461500000.0 (%).Trend:Increase 13.38% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 1029624800000.0 (%).Trend:Increase 9.83% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 1151794700000.0 (%).Trend:Increase 11.87% than previous quarter

Overall: increasing (22.86%). Fluctuation: **Neutral** (moderate 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 497676200000.0 (%).Trend:Increase 3.54% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 433056100000.0 (%).Trend:Decrease 12.98% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 411591700000.0 (%).Trend:Decrease 4.96% than previous quarter

Overall: decreasing (-17.3%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 531965900000.0 (%).Trend:Increase 54.92% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 131392000000.0 (%).Trend:Decrease 75.3% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 284168800000.0 (%).Trend:Increase 116.28% than previous quarter

Overall: decreasing (-46.58%). 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 20.49 (%).Trend:Decrease 2.57% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 17.04 (%).Trend:Decrease 16.84% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 15.49 (%).Trend:Decrease 9.1% than previous quarter

Overall: decreasing (-24.4%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 1.89 (USD).Trend:Increase 57.5% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.74 (USD).Trend:Decrease 139.15% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.92 (USD).Trend:Increase 24.32% than previous quarter

Overall: decreasing (-148.68%). Fluctuation: **Significant** (high variation).



The analysis covers Q3 2020 to Q2 2021. Current assets on revenue showed a substantial increase (22.86%), while liabilities on revenue displayed a minor decrease (-0.52%). Cost efficiency metrics revealed a decline in retained earnings to revenue (-17.3%) and a significant drop in the SG&A expense ratio (-46.58%). Investment efficiency indicators showed a decrease in retained earnings on assets (-24.4%) and a sharp decline in earnings per share (-148.68%). Fluctuations were moderate except for SG&A and EPS.