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 364800000000.0 (%).Trend:Increase 9.58% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 417600000000.0 (%).Trend:Increase 14.47% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 437700000000.0 (%).Trend:Increase 4.81% than previous quarter

Overall: increasing (19.98%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 508400000000.0 (%).Trend:Increase 1.07% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 427100000000.0 (%).Trend:Decrease 15.99% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 446400000000.0 (%).Trend:Increase 4.52% than previous quarter

Overall: decreasing (-12.2%). Fluctuation: **Little** (low 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 76600000000.0 (%).Trend:Increase 13.99% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 98300000000.0 (%).Trend:Increase 28.33% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 113900000000.0 (%).Trend:Increase 15.87% than previous quarter

Overall: increasing (48.69%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 165600000000.0 (%).Trend:Increase 43.13% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 58800000000.0 (%).Trend:Decrease 64.49% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 118200000000.0 (%).Trend:Increase 101.02% than previous quarter

Overall: decreasing (-28.62%). 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 4.87 (%).Trend:Increase 13.26% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 6.4 (%).Trend:Increase 31.42% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 7.32 (%).Trend:Increase 14.37% than previous quarter

Overall: increasing (50.31%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -0.18 (USD).Trend:Decrease 85.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.08 (USD).Trend:Decrease 700.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 2.48 (USD).Trend:Increase 129.63% than previous quarter

Overall: increasing (-1477.78%). Fluctuation: **Significant** (high variation).



Financial analysis for Q3 2020 to Q2 2021 shows a mixed picture of financial performance.  Liabilities on revenue and cost efficiency (ratio of retained earnings to revenue) show upward trends with neutral fluctuation.  Current assets and SG&A expense ratios show opposing trends. Investment efficiency increases steadily. Earnings per share are highly variable, initially negative, and increase over the period.