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 10470700000.0 (%).Trend:Decrease 2.32% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 9565900000.0 (%).Trend:Decrease 8.64% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 10379100000.0 (%).Trend:Increase 8.5% than previous quarter

Overall: decreasing (-0.87%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 13477700000.0 (%).Trend:Decrease 2.17% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 14216400000.0 (%).Trend:Increase 5.48% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 13446300000.0 (%).Trend:Decrease 5.42% than previous quarter

Overall: decreasing (-0.23%). 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 3270500000.0 (%).Trend:Increase 8.59% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 3275800000.0 (%).Trend:Increase 0.16% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 4051200000.0 (%).Trend:Increase 23.67% than previous quarter

Overall: increasing (23.87%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1434300000.0 (%).Trend:Increase 87.15% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 2237000000.0 (%).Trend:Increase 55.96% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 565400000.0 (%).Trend:Decrease 74.73% than previous quarter

Overall: decreasing (-60.58%). 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 11.39 (%).Trend:Increase 10.8% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 10.76 (%).Trend:Decrease 5.53% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 14.02 (%).Trend:Increase 30.3% than previous quarter

Overall: increasing (23.09%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial analysis from Q2 2020 to Q1 2021 reveals a mixed picture. Working capital efficiency shows slightly decreasing trends for both liabilities and current assets on revenue.  Cost efficiency shows an increase in the retained earnings-to-revenue ratio, with moderate fluctuations.  However, the SG&A expense ratio experiences a significant decrease, with high volatility. Investment efficiency demonstrates a slight increasing trend in retained earnings on assets, also with moderate fluctuations.