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 1010900000000.0 (%).Trend:Increase 3.93% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 836700000000.0 (%).Trend:Decrease 17.23% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 859100000000.0 (%).Trend:Increase 2.68% than previous quarter

Overall: decreasing (-15.02%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 1455200000000.0 (%).Trend:Increase 10.42% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 1225300000000.0 (%).Trend:Decrease 15.8% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 1276200000000.0 (%).Trend:Increase 4.15% than previous quarter

Overall: decreasing (-12.3%). 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 1039400000000.0 (%).Trend:Increase 7.69% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 1048700000000.0 (%).Trend:Increase 0.89% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 1114400000000.0 (%).Trend:Increase 6.26% than previous quarter

Overall: increasing (7.22%). Fluctuation: **Little** (low variation).

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

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 23.22 (%).Trend:Increase 4.59% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 25.32 (%).Trend:Increase 9.04% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 26.44 (%).Trend:Increase 4.42% than previous quarter

Overall: increasing (13.87%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 17.0 (USD).Trend:Increase 54.55% than previous quarter
Year 2021 Quarter 1: Earning Per Share 13.46 (USD).Trend:Decrease 20.82% than previous quarter
Year 2021 Quarter 2: Earning Per Share 19.95 (USD).Trend:Increase 48.22% than previous quarter

Overall: increasing (17.35%). Fluctuation: **Neutral** (moderate variation).



Financial analysis from Q3 2020 to Q2 2021 show a mixed picture.  Liabilities and current assets on revenue decreased, while the ratio of retained earnings to revenue and retained earnings on assets increased.  Earnings per share, however, increased notably.  This indicates a trend toward increased profitability despite some challenges in managing assets.