Working Capital Efficiency
The data from Quater 3 in 2020 to Quater 1 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2020 Quarter 3: Liabilities on Revenue 23960000000.0 (%).Trend:Decrease 3.19% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 25590000000.0 (%).Trend:Increase 8.75% than previous quarter

Overall: increasing (6.8%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 49200000000.0 (%).Trend:Increase 1.57% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 49860000000.0 (%).Trend:Decrease 0.36% than previous quarter

Overall: increasing (1.34%). Fluctuation: **Little** (low variation).


Cost Efficiency
The data from Quater 3 in 2020 to Quater 1 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 53630000000.0 (%).Trend:Increase 4.18% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 51920000000.0 (%).Trend:Decrease 9.06% than previous quarter

Overall: decreasing (-3.19%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8940000000.0 (%).Trend:Increase 48.75% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5410000000.0 (%).Trend:Increase 94.6% than previous quarter

Overall: decreasing (-39.49%). Fluctuation: **Significant** (high variation).


Invest Efficiency
The data from Quater 3 in 2020 to Quater 1 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2020 Quarter 3: Retained Earning on Assets 29.36 (%).Trend:Increase 5.01% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 29.65 (%).Trend:Decrease 6.32% than previous quarter

Overall: increasing (0.99%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 3.0 (USD).Trend:Increase 50.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share -2.37 (USD).Trend:Decrease 424.66% than previous quarter

Overall: decreasing (-179.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q1 2021 indicate an increase in liabilities on revenue and a slight increase in current assets on revenue.  Cost efficiency shows a decreasing retained earnings-to-revenue ratio.  A significant increase and subsequent decrease in the SG&A expense ratio is evident.  Investment efficiency reveals a slight overall increase in retained earnings on assets.  Earning per share, however, shows a substantial decline to a negative figure, indicating profitability challenges.  Overall, the findings suggest a complex financial situation requiring immediate attention.