Working Capital Efficiency
The data from Quater 1 in 2021 to Quater 3 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2021 Quarter 1: Liabilities on Revenue 899900000000.0 (%).Trend:Increase 16.36% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 725200000000.0 (%).Trend:Decrease 19.41% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 780500000000.0 (%).Trend:Increase 7.63% than previous quarter

Overall: decreasing (-13.27%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 1503600000000.0 (%).Trend:Increase 6.73% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 1428500000000.0 (%).Trend:Decrease 4.99% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 1414600000000.0 (%).Trend:Decrease 0.97% than previous quarter

Overall: decreasing (-5.92%). Fluctuation: **Little** (low variation).


Cost Efficiency
The data from Quater 1 in 2021 to Quater 3 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 26800000000.0 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 94100000000.0 (%).Trend:Increase 251.12% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 66600000000.0 (%).Trend:Decrease 29.22% than previous quarter

Overall: increasing (148.51%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 73300000000.0 (%).Trend:Decrease 68.39% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 173100000000.0 (%).Trend:Increase 136.15% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 240300000000.0 (%).Trend:Increase 38.82% than previous quarter

Overall: increasing (227.83%). Fluctuation: **Significant** (high variation).


Invest Efficiency
The data from Quater 1 in 2021 to Quater 3 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2021 Quarter 1: Retained Earning on Assets 0.63 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 2.27 (%).Trend:Increase 260.32% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 1.62 (%).Trend:Decrease 28.63% than previous quarter

Overall: increasing (157.14%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.81 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 2.12 (USD).Trend:Increase 161.73% than previous quarter
Year 2021 Quarter 3: Earning Per Share 2.17 (USD).Trend:Increase 2.36% than previous quarter

Overall: increasing (167.9%). Fluctuation: **Significant** (high variation).



The financial statements show a mixed performance in 2021.  Working capital efficiency reveals decreasing liabilities on revenue (-13.27%) and current assets (-5.92%) with moderate and low variation respectively.  Significant fluctuation (high variation) is observed in cost efficiency metrics, with the ratio of retained earnings to revenue increasing (148.51%), as well as substantial increases in SG&A expense ratio (227.83%) and investment efficiency (157.14%) and earnings per share (167.9%).