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 68100000000.0 (%).Trend:Increase 10.73% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 89100000000.0 (%).Trend:Increase 30.84% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 64300000000.0 (%).Trend:Decrease 27.83% than previous quarter

Overall: decreasing (-5.58%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 117100000000.0 (%).Trend:Increase 3.08% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 148900000000.0 (%).Trend:Increase 27.16% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 156900000000.0 (%).Trend:Increase 5.37% than previous quarter

Overall: increasing (33.99%). Fluctuation: **Neutral** (moderate 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 190500000000.0 (%).Trend:Decrease 4.61% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 201300000000.0 (%).Trend:Increase 5.67% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 218300000000.0 (%).Trend:Increase 8.45% than previous quarter

Overall: increasing (14.59%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15400000000.0 (%).Trend:Increase 46.67% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5500000000.0 (%).Trend:Decrease 64.29% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11500000000.0 (%).Trend:Increase 109.09% than previous quarter

Overall: decreasing (-25.32%). 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 15.97 (%).Trend:Decrease 4.43% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 16.76 (%).Trend:Increase 4.95% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 18.18 (%).Trend:Increase 8.47% than previous quarter

Overall: increasing (13.84%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 1.07 (USD).Trend:Decrease 10.83% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.7 (USD).Trend:Decrease 34.58% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.84 (USD).Trend:Increase 162.86% than previous quarter

Overall: increasing (71.96%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2020 to Q2 2021 shows liabilities on revenue decreasing slightly (-5.58%) with moderate fluctuation. Current assets on revenue are increasing (33.99%) with moderate variation.  Cost efficiency shows a modest increase in the ratio of retained earnings to revenue (14.59%) with low variation, while SG&A expenses decreased significantly (-25.32%) with high variation. Investment efficiency increased by a small margin (13.84%), with low variation. Earnings per share increased considerably (71.96%) with significant variation.