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 20010300000.0 (%).Trend:Increase 5.02% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 21175200000.0 (%).Trend:Increase 5.82% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 17943000000.0 (%).Trend:Decrease 15.26% than previous quarter

Overall: decreasing (-10.33%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 32768200000.0 (%).Trend:Decrease 4.06% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 32939700000.0 (%).Trend:Increase 0.52% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 29191100000.0 (%).Trend:Decrease 11.38% than previous quarter

Overall: decreasing (-10.92%). 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 -20010100000.0 (%).Trend:Increase 17.12% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -21756000000.0 (%).Trend:Increase 8.73% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -24348900000.0 (%).Trend:Increase 11.92% than previous quarter

Overall: decreasing (21.68%). Fluctuation: **Significant** (high variation).

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

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 -51.31 (%).Trend:Increase 23.19% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -55.94 (%).Trend:Increase 9.02% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -70.13 (%).Trend:Increase 25.37% than previous quarter

Overall: decreasing (36.68%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -0.89 (USD).Trend:Increase 74.51% than previous quarter
Year 2020 Quarter 3: Earning Per Share -1.11 (USD).Trend:Increase 24.72% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.13 (USD).Trend:Decrease 88.29% than previous quarter

Overall: increasing (-85.39%). Fluctuation: **Significant** (high variation).



Financial analysis from Q2 2020 to Q1 2021 shows liabilities as a percentage of revenue decreasing slightly, but current assets as a percentage of revenue are also decreasing.  The ratio of retained earnings to revenue continues a downward trend with significant fluctuation.  Retained earnings on assets are decreasing significantly and earning per share have shown inconsistent performance, indicating overall decline.