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 105247600000.0 (%).Trend:Increase 3.46% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 100938000000.0 (%).Trend:Decrease 4.09% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 104091100000.0 (%).Trend:Increase 3.12% than previous quarter

Overall: decreasing (-1.1%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 135494600000.0 (%).Trend:Increase 21.12% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 108771800000.0 (%).Trend:Decrease 19.72% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 114085100000.0 (%).Trend:Increase 4.88% than previous quarter

Overall: decreasing (-15.8%). 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 -590741700000.0 (%).Trend:Increase 2.36% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -627188700000.0 (%).Trend:Increase 6.17% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -639646700000.0 (%).Trend:Increase 1.99% than previous quarter

Overall: decreasing (8.28%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 33026300000.0 (%).Trend:Increase 47.84% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9757000000.0 (%).Trend:Decrease 70.46% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21043500000.0 (%).Trend:Increase 115.68% than previous quarter

Overall: decreasing (-36.28%). 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 -101.83 (%).Trend:Decrease 1.83% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -117.96 (%).Trend:Increase 15.84% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -119.42 (%).Trend:Increase 1.24% than previous quarter

Overall: decreasing (17.27%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -1.19 (USD).Trend:Increase 33.71% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.71 (USD).Trend:Decrease 40.34% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.98 (USD).Trend:Increase 38.03% than previous quarter

Overall: increasing (-17.65%). Fluctuation: **Significant** (high variation).



Financial analysis for Q3 2020 to Q2 2021 reveals decreasing trends in working capital efficiency, cost efficiency, investment efficiency, and earnings per share. Liabilities on revenue show little fluctuation, decreasing slightly overall. Current assets on revenue are also decreasing, with significant fluctuations.  Retained earnings to revenue ratios are declining significantly.  Selling, general, and administrative (SG&A) expense ratios are decreasing but with significant volatility.  Retained earnings on assets are decreasing significantly. Earnings per share are also decreasing with considerable fluctuations.