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 360507900000.0 (%).Trend:Decrease 2.84% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 354461300000.0 (%).Trend:Decrease 1.68% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 344134500000.0 (%).Trend:Decrease 2.91% than previous quarter

Overall: decreasing (-4.54%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 502738600000.0 (%).Trend:Decrease 1.99% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 501039900000.0 (%).Trend:Decrease 0.34% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 516953700000.0 (%).Trend:Increase 3.18% than previous quarter

Overall: increasing (2.83%). 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 139386600000.0 (%).Trend:Decrease 1.76% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 141324200000.0 (%).Trend:Increase 1.39% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 116279000000.0 (%).Trend:Decrease 17.72% than previous quarter

Overall: decreasing (-16.58%). Fluctuation: **Little** (low variation).

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

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 19.25 (%).Trend:Decrease 1.08% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 19.43 (%).Trend:Increase 0.94% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 16.56 (%).Trend:Decrease 14.77% than previous quarter

Overall: decreasing (-13.97%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -2.07 (USD).Trend:Increase 8.95% than previous quarter
Year 2020 Quarter 3: Earning Per Share -1.93 (USD).Trend:Decrease 6.76% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.62 (USD).Trend:Decrease 67.88% than previous quarter

Overall: increasing (-70.05%). Fluctuation: **Significant** (high variation).



Q2 2020 to Q1 2021 financial analysis reveals decreasing liabilities on revenue and a slight increase in current assets on revenue.  Cost efficiency, measured by the ratio of retained earnings to revenue, shows a general decrease. Investment efficiency shows a decline in retained earnings on assets. Earning per share shows a significant negative trend with a substantial decrease in the final period.