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 1387100000.0 (%).Trend:Decrease 8.02% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 1385500000.0 (%).Trend:Decrease 0.12% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 1347900000.0 (%).Trend:Decrease 2.71% than previous quarter

Overall: decreasing (-2.83%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 7092100000.0 (%).Trend:Decrease 0.5% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 7654900000.0 (%).Trend:Increase 7.94% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 7926200000.0 (%).Trend:Increase 3.54% than previous quarter

Overall: increasing (11.76%). 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 8134400000.0 (%).Trend:Increase 4.65% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 8176300000.0 (%).Trend:Increase 0.52% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 8496000000.0 (%).Trend:Increase 3.91% than previous quarter

Overall: increasing (4.45%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1856600000.0 (%).Trend:Increase 48.89% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 614900000.0 (%).Trend:Decrease 66.88% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1199900000.0 (%).Trend:Increase 95.14% than previous quarter

Overall: decreasing (-35.37%). 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 79.95 (%).Trend:Increase 4.25% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 77.11 (%).Trend:Decrease 3.55% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 78.45 (%).Trend:Increase 1.74% than previous quarter

Overall: decreasing (-1.88%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 0.56 (USD).Trend:Increase 51.35% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.13 (USD).Trend:Decrease 76.79% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.3 (USD).Trend:Increase 130.77% than previous quarter

Overall: decreasing (-46.43%). Fluctuation: **Significant** (high variation).



The financial analysis covers three quarters from Q3 2020 to Q2 2021, focusing on working capital efficiency, cost efficiency, and investment efficiency. Liabilities on revenue decreased slightly (-2.83%) with little fluctuation. Current assets on revenue increased significantly (11.76%) with little fluctuation.  Retained earnings to revenue ratio increased (4.45%) with minimal fluctuation. SG&A expense ratio decreased substantially (-35.37%) but showed significant fluctuation. Retained earnings on assets decreased slightly (-1.88%) with little fluctuation. Earnings per share also decreased (-46.43%) exhibiting significant volatility.  Overall, the results show mixed performance, with some positive trends in working capital and cost efficiency but significant decreases in earnings per share and SG&A expense ratio.