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 21175200000.0 (%).Trend:Increase 5.82% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 17943000000.0 (%).Trend:Decrease 15.26% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 18835500000.0 (%).Trend:Increase 4.97% than previous quarter

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

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 32939700000.0 (%).Trend:Increase 0.52% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 29191100000.0 (%).Trend:Decrease 11.38% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 28559500000.0 (%).Trend:Decrease 2.16% than previous quarter

Overall: decreasing (-13.3%). 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 -21756000000.0 (%).Trend:Increase 8.73% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -24348900000.0 (%).Trend:Increase 11.92% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -26680900000.0 (%).Trend:Increase 9.58% than previous quarter

Overall: decreasing (22.64%). Fluctuation: **Significant** (high 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 -55.94 (%).Trend:Increase 9.02% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -70.13 (%).Trend:Increase 25.37% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -80.66 (%).Trend:Increase 15.01% than previous quarter

Overall: decreasing (44.19%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -1.11 (USD).Trend:Increase 24.72% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.13 (USD).Trend:Decrease 88.29% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.42 (USD).Trend:Increase 223.08% than previous quarter

Overall: increasing (-62.16%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2020 to Q2 2021 reveals a mixed trend. Working capital efficiency metrics (liabilities and current assets on revenue) show a slight decline, with little fluctuation.  Cost efficiency, particularly the ratio of retained earnings to revenue, declined significantly and fluctuated greatly.  Investment efficiency, measured by retained earnings on assets, also shows a significant and fluctuating decrease. Earnings per share increased, with a large and inconsistent trend.  The significant fluctuation in cost and investment efficiency indicators suggests a potentially volatile business environment.