Working Capital Efficiency
The data from Quater 3 in 2019 to Quater 2 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2019 Quarter 3: Liabilities on Revenue 1421700000.0 (%).Trend:Increase 18.65% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 1187800000.0 (%).Trend:Decrease 16.45% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 1296500000.0 (%).Trend:Increase 9.15% than previous quarter

Overall: decreasing (-8.81%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 19087400000.0 (%).Trend:Increase 61.74% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 26774100000.0 (%).Trend:Increase 40.27% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 25241400000.0 (%).Trend:Decrease 5.72% than previous quarter

Overall: increasing (32.24%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 3 in 2019 to Quater 2 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -9650900000.0 (%).Trend:Increase 20.16% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -12979100000.0 (%).Trend:Increase 34.49% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -14988600000.0 (%).Trend:Increase 15.48% than previous quarter

Overall: decreasing (55.31%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

Invest Efficiency
The data from Quater 3 in 2019 to Quater 2 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2019 Quarter 3: Retained Earning on Assets -38.54 (%).Trend:Decrease 27.34% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -39.38 (%).Trend:Increase 2.18% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -47.7 (%).Trend:Increase 21.13% than previous quarter

Overall: decreasing (23.77%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q3 2019 to Q2 2021 reveals a mixed performance. Liabilities on revenue decreased slightly with little variation. Current assets increased considerably, with moderate variation.  Cost efficiency showed a significant drop in the ratio of retained earnings to revenue, exhibiting high variability. Investment efficiency demonstrated a decline in retained earnings on assets, with high volatility.