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 51628300000.0 (%).Trend:Decrease 4.05% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 46120600000.0 (%).Trend:Decrease 10.67% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 50976700000.0 (%).Trend:Increase 10.53% than previous quarter

Overall: decreasing (-1.26%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 86664300000.0 (%).Trend:Increase 2.02% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 78813100000.0 (%).Trend:Decrease 9.06% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 83997200000.0 (%).Trend:Increase 6.58% than previous quarter

Overall: decreasing (-3.08%). 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 91859200000.0 (%).Trend:Increase 0.22% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 96124600000.0 (%).Trend:Increase 4.64% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 97306500000.0 (%).Trend:Increase 1.23% than previous quarter

Overall: increasing (5.93%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 130567800000.0 (%).Trend:Increase 42.09% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 50197300000.0 (%).Trend:Decrease 61.55% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 90968000000.0 (%).Trend:Increase 81.22% than previous quarter

Overall: decreasing (-30.33%). 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 27.13 (%).Trend:Increase 0.59% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 29.38 (%).Trend:Increase 8.29% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 29.26 (%).Trend:Decrease 0.41% than previous quarter

Overall: increasing (7.85%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 0.46 (USD).Trend:Increase 84.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.34 (USD).Trend:Decrease 26.09% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.6 (USD).Trend:Increase 76.47% than previous quarter

Overall: increasing (30.43%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 show a mixed picture. Working capital reveals a slight negative trend for both liabilities and current assets. Cost efficiency shows a modest increase in retained earnings per revenue, but a substantial fluctuation in the SG&A expense ratio, with considerable quarter-to-quarter variations. Investment efficiency shows a modest upward trend in retained earnings per asset. Earnings per share also demonstrates significant quarter-to-quarter fluctuations.  The data points to potential management challenges, particularly in expense control and earnings management.