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 126219900000.0 (%).Trend:Increase 29.92% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 94843900000.0 (%).Trend:Decrease 24.86% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 70554800000.0 (%).Trend:Decrease 25.61% than previous quarter

Overall: decreasing (-44.1%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 99855300000.0 (%).Trend:Increase 20.38% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 96374500000.0 (%).Trend:Decrease 3.49% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 107487700000.0 (%).Trend:Increase 11.53% than previous quarter

Overall: increasing (7.64%). 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 158281400000.0 (%).Trend:Increase 7.35% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 162539700000.0 (%).Trend:Increase 2.69% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 175768900000.0 (%).Trend:Increase 8.14% than previous quarter

Overall: increasing (11.05%). Fluctuation: **Little** (low variation).

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

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 18.62 (%).Trend:Increase 4.55% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 19.08 (%).Trend:Increase 2.47% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 20.24 (%).Trend:Increase 6.08% than previous quarter

Overall: increasing (8.7%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 1.0 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.77 (USD).Trend:Decrease 23.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.7 (USD).Trend:Increase 120.78% than previous quarter

Overall: increasing (70.0%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2020 to Q2 2021 showcases a significant decrease in liabilities on revenue (-44.1%), with large variations. Current assets on revenue show a more stable increase of 7.64%. Cost efficiency, as measured by the ratio of retained earnings to revenue, displays a stable increase (11.05%).  Investment efficiency, using retained earnings on assets, shows a consistent upward trend (8.7%). Earnings per share are also increasing (70%), though with a significant fluctuation.