Working Capital Efficiency
The data from Quater 3 in 2020 to Quater 1 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2020 Quarter 3: Liabilities on Revenue 384900000000.0 (%).Trend:Increase 27.45% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 351300000000.0 (%).Trend:Decrease 8.73% than previous quarter

Overall: increasing (16.32%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 805800000000.0 (%).Trend:Increase 17.7% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 810300000000.0 (%).Trend:Increase 0.56% than previous quarter

Overall: increasing (18.36%). Fluctuation: **Little** (low variation).


Cost Efficiency
The data from Quater 3 in 2020 to Quater 1 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 1606500000000.0 (%).Trend:Increase 1.38% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 1650900000000.0 (%).Trend:Increase 2.76% than previous quarter

Overall: increasing (4.18%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 127600000000.0 (%).Trend:Increase 60.3% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 40000000000.0 (%).Trend:Decrease 68.65% than previous quarter

Overall: decreasing (-49.75%). Fluctuation: **Significant** (high variation).


Invest Efficiency
The data from Quater 3 in 2020 to Quater 1 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2020 Quarter 3: Retained Earning on Assets 53.08 (%).Trend:Decrease 7.74% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 54.77 (%).Trend:Increase 3.18% than previous quarter

Overall: decreasing (-4.8%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 0.25 (USD).Trend:Decrease 189.29% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.75 (USD).Trend:Increase 200.0% than previous quarter

Overall: increasing (-367.86%). Fluctuation: **Significant** (high variation).



Financial statement analysis for Q3 2020 to Q1 2021 shows a mixed financial performance. Liabilities on revenue increased by 16.32% with moderate variation.  Current assets on revenue rose by 18.36% with low variation.  The ratio of retained earnings to revenue increased by 4.18% with low variation.  SG&A expenses decreased significantly (-49.75%). Investment efficiency shows a slight decrease in retained earnings on assets (-4.8%). Earnings per share (EPS) increased substantially but with significant fluctuations.