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 380570000000.0 (%).Trend:Decrease 4.94% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 431050000000.0 (%).Trend:Increase 13.26% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 359630000000.0 (%).Trend:Decrease 16.57% than previous quarter

Overall: decreasing (-5.5%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 254270000000.0 (%).Trend:Increase 7.17% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 264050000000.0 (%).Trend:Increase 3.85% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 236590000000.0 (%).Trend:Decrease 10.4% than previous quarter

Overall: decreasing (-6.95%). 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 757120000000.0 (%).Trend:Increase 2.64% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 791400000000.0 (%).Trend:Increase 4.53% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 662830000000.0 (%).Trend:Decrease 16.25% than previous quarter

Overall: decreasing (-12.45%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 115420000000.0 (%).Trend:Increase 83.29% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 178870000000.0 (%).Trend:Increase 54.97% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 54290000000.0 (%).Trend:Decrease 69.65% than previous quarter

Overall: decreasing (-52.96%). 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 26.44 (%).Trend:Increase 2.01% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 27.6 (%).Trend:Increase 4.39% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 24.4 (%).Trend:Decrease 11.59% than previous quarter

Overall: decreasing (-7.72%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q2 2020 to Q1 2021 reveal relatively stable working capital efficiency, with minimal fluctuations in liabilities and current assets on revenue. Cost efficiency shows a modest decline in the ratio of retained earnings to revenue, while SG&A expenses show substantial increases before declining sharply. Investment efficiency, measured by retained earnings on assets, also reveals a modest decline. The significant and unexpected shifts in the SG&A ratio warrants closer inspection.