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

Liabilities on Revenue
Year 2021 Quarter 1: Liabilities on Revenue 209340700000.0 (%).Trend:Increase 5.79% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 214311000000.0 (%).Trend:Increase 2.37% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 225012300000.0 (%).Trend:Increase 4.99% than previous quarter

Overall: increasing (7.49%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 310563100000.0 (%).Trend:Increase 7.2% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 311335400000.0 (%).Trend:Increase 0.25% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 322656700000.0 (%).Trend:Increase 3.64% than previous quarter

Overall: increasing (3.89%). Fluctuation: **Little** (low variation).


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

Ratio of Retained Earnings to Revenue
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 255791900000.0 (%).Trend:Increase 6.36% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 264810900000.0 (%).Trend:Increase 3.53% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 274081700000.0 (%).Trend:Increase 3.5% than previous quarter

Overall: increasing (7.15%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22406900000.0 (%).Trend:Decrease 66.0% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 46699000000.0 (%).Trend:Increase 108.41% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 71091200000.0 (%).Trend:Increase 52.23% than previous quarter

Overall: increasing (217.27%). Fluctuation: **Significant** (high variation).


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

Retained Earning on Assets
Year 2021 Quarter 1: Retained Earning on Assets 50.54 (%).Trend:Increase 1.51% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 51.59 (%).Trend:Increase 2.08% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 51.75 (%).Trend:Increase 0.31% than previous quarter

Overall: increasing (2.39%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 1.54 (USD).Trend:Increase 60.42% than previous quarter
Year 2021 Quarter 2: Earning Per Share 3.34 (USD).Trend:Increase 116.88% than previous quarter
Year 2021 Quarter 3: Earning Per Share 5.19 (USD).Trend:Increase 55.39% than previous quarter

Overall: increasing (237.01%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 to Q3 2021 reveals consistent growth in working capital efficiency, with little fluctuation in liabilities and current assets as percentages of revenue. Cost efficiency, measured by the ratio of retained earnings to revenue, also shows an upward trend, likewise with minimal fluctuation.  Significant fluctuation is observed in the Selling, General, and Administrative (SG&A) expense ratio, with sharp drops and rises. Investment efficiency and earnings per share exhibit consistent increases with minor variations, highlighting the consistent gains.