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 3310700000.0 (%).Trend:Decrease 15.36% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 4098100000.0 (%).Trend:Increase 23.78% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 3725800000.0 (%).Trend:Decrease 9.08% than previous quarter

Overall: increasing (12.54%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 9705300000.0 (%).Trend:Increase 4.6% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 11138100000.0 (%).Trend:Increase 14.76% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 10679600000.0 (%).Trend:Decrease 4.12% than previous quarter

Overall: increasing (10.04%). 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 8786900000.0 (%).Trend:Increase 7.4% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 12415200000.0 (%).Trend:Increase 41.29% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 11735500000.0 (%).Trend:Decrease 5.47% than previous quarter

Overall: increasing (33.56%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 646000000.0 (%).Trend:Increase 83.0% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1039300000.0 (%).Trend:Increase 60.88% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 315400000.0 (%).Trend:Decrease 69.65% than previous quarter

Overall: decreasing (-51.18%). 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 24.46 (%).Trend:Increase 7.47% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 28.44 (%).Trend:Increase 16.27% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 28.12 (%).Trend:Decrease 1.13% than previous quarter

Overall: increasing (14.96%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis from Q2 2020 to Q1 2021 shows mixed results. Liabilities on revenue have a slight increase, fluctuating moderately. Current assets are generally increasing, albeit with fluctuations. Cost efficiency demonstrates a marked increase in the retained earnings-to-revenue ratio, but this is partly offset by a significant drop in the SG&A expense ratio, which is highly volatile. Investment efficiency increases steadily. The financial picture has a complex and shifting nature with inconsistent indicators, requiring further investigation.