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 384900000000.0 (%).Trend:Increase 27.45% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 351300000000.0 (%).Trend:Decrease 8.73% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 462400000000.0 (%).Trend:Increase 31.63% than previous quarter

Overall: increasing (20.14%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 805800000000.0 (%).Trend:Increase 17.7% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 810300000000.0 (%).Trend:Increase 0.56% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 764800000000.0 (%).Trend:Decrease 5.62% than previous quarter

Overall: decreasing (-5.09%). Fluctuation: **Little** (low 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 1606500000000.0 (%).Trend:Increase 1.38% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 1650900000000.0 (%).Trend:Increase 2.76% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 1573900000000.0 (%).Trend:Decrease 4.66% than previous quarter

Overall: decreasing (-2.03%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 127600000000.0 (%).Trend:Increase 60.3% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 40000000000.0 (%).Trend:Decrease 68.65% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 86500000000.0 (%).Trend:Increase 116.25% than previous quarter

Overall: decreasing (-32.21%). 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 53.08 (%).Trend:Decrease 7.74% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 54.77 (%).Trend:Increase 3.18% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 52.8 (%).Trend:Decrease 3.6% than previous quarter

Overall: decreasing (-0.53%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 0.25 (USD).Trend:Decrease 189.29% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.75 (USD).Trend:Increase 200.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.27 (USD).Trend:Decrease 64.0% than previous quarter

Overall: increasing (8.0%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2020 to Q2 2021 reveals a mixed financial performance. Working capital trends (liabilities and current assets on revenue) show an increase in liabilities but decrease in current assets. Cost efficiency displays a slight decrease in the retained earnings to revenue ratio. The SG&A expense ratio exhibits significant volatility. Investment efficiency and earnings per share show variable, sometimes substantial, trends, requiring further investigation for accurate interpretation.