Working Capital Efficiency
The data from Quater 2 in 2020 to Quater 1 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2020 Quarter 2: Liabilities on Revenue 28590000000.0 (%).Trend:Increase 2.47% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 31220000000.0 (%).Trend:Increase 9.2% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 31220000000.0 (%).Trend:Increase 0.0% than previous quarter

Overall: increasing (9.2%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 70590000000.0 (%).Trend:Decrease 8.56% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 74060000000.0 (%).Trend:Increase 4.92% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 69780000000.0 (%).Trend:Decrease 5.78% than previous quarter

Overall: decreasing (-1.15%). Fluctuation: **Little** (low variation).


Cost Efficiency
The data from Quater 2 in 2020 to Quater 1 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 18290000000.0 (%).Trend:Increase 20.33% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 21170000000.0 (%).Trend:Increase 15.75% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 23320000000.0 (%).Trend:Increase 10.16% than previous quarter

Overall: increasing (27.5%). Fluctuation: **Neutral** (moderate variation).

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

Invest Efficiency
The data from Quater 2 in 2020 to Quater 1 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2020 Quarter 2: Retained Earning on Assets 7.14 (%).Trend:Increase 23.1% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 8.03 (%).Trend:Increase 12.46% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 8.75 (%).Trend:Increase 8.97% than previous quarter

Overall: increasing (22.55%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 1.34 (USD).Trend:Increase 106.15% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.99 (USD).Trend:Increase 48.51% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.33 (USD).Trend:Decrease 83.42% than previous quarter

Overall: decreasing (-75.37%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2020 to Q1 2021 shows a mixed picture. Liabilities on revenue and retained earnings on assets are trending upward, with a little fluctuation. Current assets on revenue, however, are decreasing slightly, also with little variation. Cost efficiency, as shown by the ratio of retained earnings to revenue, is strongly increasing.  Earnings per share reveal a substantial decrease from Q3 2020 to Q1 2021 with significant volatility.