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 15278300000.0 (%).Trend:Increase 27.84% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 17512600000.0 (%).Trend:Increase 14.62% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 11017400000.0 (%).Trend:Decrease 37.09% than previous quarter

Overall: decreasing (-27.89%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 29796200000.0 (%).Trend:Decrease 17.1% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 25983200000.0 (%).Trend:Decrease 12.8% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 20521600000.0 (%).Trend:Decrease 21.02% than previous quarter

Overall: decreasing (-31.13%). 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 20908800000.0 (%).Trend:Increase 6.93% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 22014600000.0 (%).Trend:Increase 5.29% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 21941400000.0 (%).Trend:Decrease 0.33% than previous quarter

Overall: increasing (4.94%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8830300000.0 (%).Trend:Increase 103.25% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12686400000.0 (%).Trend:Increase 43.67% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3976600000.0 (%).Trend:Decrease 68.65% than previous quarter

Overall: decreasing (-54.97%). 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 18.58 (%).Trend:Increase 13.09% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 20.18 (%).Trend:Increase 8.61% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 21.41 (%).Trend:Increase 6.1% than previous quarter

Overall: increasing (15.23%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -1.32 (USD).Trend:Decrease 31.96% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.81 (USD).Trend:Decrease 38.64% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.25 (USD).Trend:Decrease 130.86% than previous quarter

Overall: increasing (-118.94%). Fluctuation: **Significant** (high variation).



2020-2021 financial data shows a complex financial picture. Liabilities on revenue are decreasing, but current assets are also decreasing, possibly indicating working capital management issues.  Cost efficiency, as measured by the ratio of retained earnings to revenue, is marginally improving.  However, SG&A expense ratios are experiencing significant fluctuations, decreasing significantly in Q1 2021, suggesting cost-cutting measures. Earnings per share are also showing significant fluctuations, from negative to positive. Overall, the data highlight the need for careful scrutiny of working capital management and the volatility of SG&A expenses and earnings.