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 1848490500.0 (%).Trend:Decrease 5.39% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 1784022800.0 (%).Trend:Decrease 3.49% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 2637927100.0 (%).Trend:Increase 47.86% than previous quarter

Overall: increasing (42.71%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 4010102500.0 (%).Trend:Decrease 12.07% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 4278042200.0 (%).Trend:Increase 6.68% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 4556816700.0 (%).Trend:Increase 6.52% than previous quarter

Overall: increasing (13.63%). 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 182490500.0 (%).Trend:Decrease 74.55% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 387511900.0 (%).Trend:Increase 112.35% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 472794800.0 (%).Trend:Increase 22.01% than previous quarter

Overall: increasing (159.08%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3051006400.0 (%).Trend:Increase 88.29% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4537907500.0 (%).Trend:Increase 48.73% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1672334400.0 (%).Trend:Decrease 63.15% than previous quarter

Overall: decreasing (-45.19%). 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 1.44 (%).Trend:Decrease 72.25% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 3.0 (%).Trend:Increase 108.33% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 3.45 (%).Trend:Increase 15.0% than previous quarter

Overall: increasing (139.58%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analysis of Q2 2020 to Q1 2021 shows an increasing trend in liabilities on revenue (42.71%), while current assets on revenue are also increasing (13.63%). Cost efficiency shows an increase in the ratio of retained earnings to revenue (159.08%) and a significant decrease in SG&A expense ratio (-45.19%).  Investment efficiency also shows a significant increase (139.58%). Overall, a mix of positive and negative trends is present, though some metrics show high fluctuations.