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

Liabilities on Revenue
Year 2021 Quarter 1: Liabilities on Revenue 9815600000.0 (%).Trend:Increase 3.3% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 8857300000.0 (%).Trend:Decrease 9.76% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 8710400000.0 (%).Trend:Decrease 1.66% than previous quarter

Overall: decreasing (-11.26%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 50921500000.0 (%).Trend:Increase 13.09% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 43263300000.0 (%).Trend:Decrease 15.04% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 47633500000.0 (%).Trend:Increase 10.1% than previous quarter

Overall: decreasing (-6.46%). Fluctuation: **Little** (low variation).


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

Ratio of Retained Earnings to Revenue
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -84869500000.0 (%).Trend:Decrease 0.99% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -83388800000.0 (%).Trend:Decrease 1.74% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -81888300000.0 (%).Trend:Decrease 1.8% than previous quarter

Overall: increasing (-3.51%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3125200000.0 (%).Trend:Decrease 66.86% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6177400000.0 (%).Trend:Increase 97.66% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9175800000.0 (%).Trend:Increase 48.54% than previous quarter

Overall: increasing (193.61%). Fluctuation: **Significant** (high variation).


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

Retained Earning on Assets
Year 2021 Quarter 1: Retained Earning on Assets -73.56 (%).Trend:Decrease 3.79% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -78.05 (%).Trend:Increase 6.1% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -74.44 (%).Trend:Decrease 4.63% than previous quarter

Overall: decreasing (1.2%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.13 (USD).Trend:Decrease 86.46% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.09 (USD).Trend:Decrease 169.23% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.31 (USD).Trend:Increase 244.44% than previous quarter

Overall: increasing (-338.46%). Fluctuation: **Significant** (high variation).



The financial analysis covers Q1 2021 to Q3 2021.  Working capital efficiency demonstrates a slight overall decrease in both liabilities and current assets on revenue, with low variation between quarters. Cost efficiency shows significant fluctuation in the ratio of retained earnings to revenue (increasing) and the SG&A expense ratio (increasing sharply). Investment efficiency is characterized by significant fluctuation and an overall decrease in retained earnings on assets, contrasted by a dramatic increase in earnings per share.