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 7777100000.0 (%).Trend:Decrease 16.59% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 9511900000.0 (%).Trend:Increase 22.31% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 10671000000.0 (%).Trend:Increase 12.19% than previous quarter

Overall: increasing (37.21%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 26479500000.0 (%).Trend:Decrease 6.43% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 26368300000.0 (%).Trend:Decrease 0.42% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 24663600000.0 (%).Trend:Decrease 6.46% than previous quarter

Overall: decreasing (-6.86%). 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 51584100000.0 (%).Trend:Increase 0.7% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 52562400000.0 (%).Trend:Increase 1.9% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 54997700000.0 (%).Trend:Increase 4.63% than previous quarter

Overall: increasing (6.62%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3142700000.0 (%).Trend:Increase 87.52% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4831000000.0 (%).Trend:Increase 53.72% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1832500000.0 (%).Trend:Decrease 62.07% than previous quarter

Overall: decreasing (-41.69%). 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 77.76 (%).Trend:Increase 4.0% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 80.14 (%).Trend:Increase 3.06% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 86.66 (%).Trend:Increase 8.14% than previous quarter

Overall: increasing (11.45%). Fluctuation: **Little** (low variation).

Earning Per Share


Between Q2 2020 and Q1 2021, the company saw a 37.21% increase in liabilities relative to revenue, though with moderate fluctuation.  Current assets relative to revenue declined by 6.86%, showing low variability.  Cost efficiency improved, with retained earnings relative to revenue rising 6.62% (low fluctuation).  However, SG&A expenses fluctuated significantly, decreasing 41.69% overall. Investment efficiency, measured by retained earnings on assets, increased by 11.45% with low variation.