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 51393200000.0 (%).Trend:Increase 33.5% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 122959900000.0 (%).Trend:Increase 139.25% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 123052800000.0 (%).Trend:Increase 0.08% than previous quarter

Overall: increasing (139.43%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 40365700000.0 (%).Trend:Decrease 2.52% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 57861500000.0 (%).Trend:Increase 43.34% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 57173900000.0 (%).Trend:Decrease 1.19% than previous quarter

Overall: increasing (41.64%). Fluctuation: **Neutral** (moderate 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 82899300000.0 (%).Trend:Increase 0.33% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 93153800000.0 (%).Trend:Increase 12.37% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 92112200000.0 (%).Trend:Decrease 1.12% than previous quarter

Overall: increasing (11.11%). Fluctuation: **Little** (low variation).

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

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 10.59 (%).Trend:Decrease 1.4% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 10.71 (%).Trend:Increase 1.13% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 10.54 (%).Trend:Decrease 1.59% than previous quarter

Overall: decreasing (-0.47%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 2.41 (USD).Trend:Increase 30.98% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.54 (USD).Trend:Decrease 36.1% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.94 (USD).Trend:Increase 25.97% than previous quarter

Overall: decreasing (-19.5%). Fluctuation: **Neutral** (moderate variation).



Financial analysis from Q3 2020 to Q2 2021 indicates a complex financial landscape. Liabilities on revenue rose substantially, and while current assets increased overall, there were periods of decrease, signaling changes in operational efficiency. Cost efficiency, measured by the retained earnings ratio, displayed a minor growth trend.  Investment efficiency exhibited little change. Earnings per share showed a significant decline in Q1 2021 before recovering.