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 2061300000.0 (%).Trend:Increase 53.7% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 2374100000.0 (%).Trend:Increase 15.17% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 2067300000.0 (%).Trend:Decrease 12.92% than previous quarter

Overall: increasing (0.29%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 8570800000.0 (%).Trend:Increase 22.68% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 8567800000.0 (%).Trend:Decrease 0.04% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 8731500000.0 (%).Trend:Increase 1.91% than previous quarter

Overall: increasing (1.87%). 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 5524700000.0 (%).Trend:Increase 5.34% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 5642500000.0 (%).Trend:Increase 2.13% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 5964300000.0 (%).Trend:Increase 5.7% than previous quarter

Overall: increasing (7.96%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 2319100000.0 (%).Trend:Increase 101.29% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3602300000.0 (%).Trend:Increase 55.33% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1261900000.0 (%).Trend:Decrease 64.97% than previous quarter

Overall: decreasing (-45.59%). Fluctuation: **Significant** (high variation).


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 44.72 (%).Trend:Decrease 7.81% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 45.87 (%).Trend:Increase 2.57% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 44.08 (%).Trend:Decrease 3.9% than previous quarter

Overall: decreasing (-1.43%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 1.0 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.61 (USD).Trend:Decrease 39.0% than previous quarter

Overall: decreasing (-39.0%). Fluctuation: **Neutral** (moderate variation).



Working capital efficiency shows a slight increase in both liabilities and current assets on revenue across the three quarters. Cost efficiency shows a significant decrease in SG&A expense ratio, while retained earnings-to-revenue ratio and retained earnings-on-assets ratios exhibit little fluctuation, indicating stable increases and decreases, respectively. Earnings per share have decreased substantially.  Overall, the financial performance presents a mixed picture with concerning declines in earnings per share and significant fluctuations in SG&A expense ratios.