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 326900000000.0 (%).Trend:Increase 28.9% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 290600000000.0 (%).Trend:Decrease 11.1% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 280100000000.0 (%).Trend:Decrease 3.61% than previous quarter

Overall: decreasing (-14.32%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 274600000000.0 (%).Trend:Increase 76.48% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 246300000000.0 (%).Trend:Decrease 10.31% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 253500000000.0 (%).Trend:Increase 2.92% than previous quarter

Overall: decreasing (-7.68%). 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 321200000000.0 (%).Trend:Increase 1.94% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 338700000000.0 (%).Trend:Increase 5.45% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 351700000000.0 (%).Trend:Increase 3.84% than previous quarter

Overall: increasing (9.5%). 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 25.26 (%).Trend:Decrease 6.58% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 27.28 (%).Trend:Increase 8.0% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 28.14 (%).Trend:Increase 3.15% than previous quarter

Overall: increasing (11.4%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 5.0 (USD).Trend:Increase 25.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 80.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.83 (USD).Trend:Increase 83.0% than previous quarter

Overall: decreasing (-63.4%). Fluctuation: **Significant** (high variation).



Financial analysis of Q3 2020 to Q2 2021 shows decreasing liabilities on revenue (-14.32%) and current assets (-7.68%), with little fluctuation. The ratio of retained earnings to revenue is trending upwards (9.5%).  Investment efficiency (retained earnings on assets) is increasing (11.4%).  However, earnings per share fell significantly (-63.4%) with substantial quarter-to-quarter variance.