Working Capital Efficiency
The data from Quater 3 in 2020 to Quater 2 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2020 Quarter 3: Liabilities on Revenue 22654300000.0 (%).Trend:Increase 9.38% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 22540000000.0 (%).Trend:Decrease 0.5% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 29868800000.0 (%).Trend:Increase 32.51% than previous quarter

Overall: increasing (31.85%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 73979500000.0 (%).Trend:Increase 3.06% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 161300200000.0 (%).Trend:Increase 118.03% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 55420800000.0 (%).Trend:Decrease 65.64% than previous quarter

Overall: decreasing (-25.09%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 3 in 2020 to Quater 2 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 113701000000.0 (%).Trend:Increase 4.72% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 128166700000.0 (%).Trend:Increase 12.72% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 137272400000.0 (%).Trend:Increase 7.1% than previous quarter

Overall: increasing (20.73%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19047400000.0 (%).Trend:Increase 48.95% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6904200000.0 (%).Trend:Decrease 63.75% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15705900000.0 (%).Trend:Increase 127.48% than previous quarter

Overall: decreasing (-17.54%). Fluctuation: **Significant** (high variation).


Invest Efficiency
The data from Quater 3 in 2020 to Quater 2 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2020 Quarter 3: Retained Earning on Assets 29.71 (%).Trend:Increase 2.41% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 23.59 (%).Trend:Decrease 20.6% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 20.1 (%).Trend:Decrease 14.79% than previous quarter

Overall: decreasing (-32.35%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 33.91 (USD).Trend:Increase 48.27% than previous quarter
Year 2021 Quarter 1: Earning Per Share 11.41 (USD).Trend:Decrease 66.35% than previous quarter
Year 2021 Quarter 2: Earning Per Share 29.06 (USD).Trend:Increase 154.69% than previous quarter

Overall: decreasing (-14.3%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 depict a complex financial state. Liabilities on revenue show an overall increasing trend, yet with moderate fluctuations.  Current asset to revenue is quite volatile, with substantial increases and decreases. Cost efficiency, as measured by retained earnings to revenue, is increasing, and stable.  However, the SG&A expense ratio is decreasing overall, yet highly fluctuating. Investment efficiency, as measured by retained earnings on assets, is declining. Earnings per share are decreasing with significant variation.