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 73109100000.0 (%).Trend:Decrease 2.13% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 66934100000.0 (%).Trend:Decrease 8.45% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 66092300000.0 (%).Trend:Decrease 1.26% than previous quarter

Overall: decreasing (-9.6%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 280049300000.0 (%).Trend:Increase 2.54% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 313689000000.0 (%).Trend:Increase 12.01% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 315547600000.0 (%).Trend:Increase 0.59% than previous quarter

Overall: increasing (12.68%). 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 260005900000.0 (%).Trend:Increase 6.34% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 292543300000.0 (%).Trend:Increase 12.51% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 300788200000.0 (%).Trend:Increase 2.82% than previous quarter

Overall: increasing (15.69%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16021800000.0 (%).Trend:Increase 45.18% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5208700000.0 (%).Trend:Decrease 67.49% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8843300000.0 (%).Trend:Increase 69.78% than previous quarter

Overall: decreasing (-44.8%). 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 37.22 (%).Trend:Increase 7.67% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 41.15 (%).Trend:Increase 10.56% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 41.5 (%).Trend:Increase 0.85% than previous quarter

Overall: increasing (11.5%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 2.67 (USD).Trend:Increase 120.66% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.98 (USD).Trend:Decrease 25.84% than previous quarter
Year 2021 Quarter 2: Earning Per Share 2.75 (USD).Trend:Increase 38.89% than previous quarter

Overall: increasing (3.0%). Fluctuation: **Neutral** (moderate variation).



Working capital analysis shows decreasing liabilities on revenue (-9.6%) and increasing current assets on revenue (12.68%) between Q3 2020 and Q2 2021. Cost efficiency demonstrates a consistent rise in the ratio of retained earnings to revenue (15.69%), yet the SG&A expense ratio experiences significant fluctuation (-44.8%).  Investment efficiency shows a steady increase in retained earnings on assets (11.5%).  Earnings per share show a neutral to positive trend overall (3.0%).