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 181100000000.0 (%).Trend:Increase 5.23% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 240000000000.0 (%).Trend:Increase 32.52% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 206600000000.0 (%).Trend:Decrease 13.92% than previous quarter

Overall: increasing (14.08%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 628500000000.0 (%).Trend:Increase 31.71% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 675700000000.0 (%).Trend:Increase 7.51% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 679400000000.0 (%).Trend:Increase 0.55% than previous quarter

Overall: increasing (8.1%). 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 504800000000.0 (%).Trend:Increase 5.96% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 552600000000.0 (%).Trend:Increase 9.47% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 609900000000.0 (%).Trend:Increase 10.37% than previous quarter

Overall: increasing (20.82%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 78200000000.0 (%).Trend:Increase 101.03% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 120600000000.0 (%).Trend:Increase 54.22% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 40900000000.0 (%).Trend:Decrease 66.09% than previous quarter

Overall: decreasing (-47.7%). 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 38.63 (%).Trend:Decrease 6.53% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 40.26 (%).Trend:Increase 4.22% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 44.21 (%).Trend:Increase 9.81% than previous quarter

Overall: increasing (14.44%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 1.68 (USD).Trend:Increase 88.76% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.69 (USD).Trend:Increase 60.12% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.18 (USD).Trend:Decrease 56.13% than previous quarter

Overall: decreasing (-29.76%). Fluctuation: **Significant** (high variation).



Q2 2020-Q1 2021 data indicates a 14.08% increase in liabilities on revenue (neutral fluctuation) and an 8.1% increase in current assets on revenue (little fluctuation). Cost efficiency improved with a 20.82% increase in the ratio of retained earnings to revenue (low fluctuation), although SG&A expenses decreased substantially (-47.7%, significant fluctuation). Investment efficiency metrics show retained earnings on assets increased by 14.44% (low fluctuation), but earnings per share decreased significantly (-29.76%, significant fluctuation).