Working Capital Efficiency
The data from Quater 1 in 2021 to Quater 3 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2021 Quarter 1: Liabilities on Revenue 20803300000.0 (%).Trend:Increase 41.61% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 32131200000.0 (%).Trend:Increase 54.45% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 20215200000.0 (%).Trend:Decrease 37.09% than previous quarter

Overall: decreasing (-2.83%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 67571800000.0 (%).Trend:Increase 51.91% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 82659700000.0 (%).Trend:Increase 22.33% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 74350700000.0 (%).Trend:Decrease 10.05% than previous quarter

Overall: increasing (10.03%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 1 in 2021 to Quater 3 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 5383700000.0 (%).Trend:Increase 373.54% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 14893300000.0 (%).Trend:Increase 176.64% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 17266600000.0 (%).Trend:Increase 15.94% than previous quarter

Overall: increasing (220.72%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3273900000.0 (%).Trend:Decrease 65.78% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6545800000.0 (%).Trend:Increase 99.94% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9583500000.0 (%).Trend:Increase 46.41% than previous quarter

Overall: increasing (192.72%). Fluctuation: **Significant** (high variation).


Invest Efficiency
The data from Quater 1 in 2021 to Quater 3 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2021 Quarter 1: Retained Earning on Assets 4.28 (%).Trend:Increase 292.66% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 10.86 (%).Trend:Increase 153.74% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 13.57 (%).Trend:Increase 24.95% than previous quarter

Overall: increasing (217.06%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.63 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 2.66 (USD).Trend:Increase 322.22% than previous quarter
Year 2021 Quarter 3: Earning Per Share 3.12 (USD).Trend:Increase 17.29% than previous quarter

Overall: increasing (395.24%). Fluctuation: **Significant** (high variation).



This analysis covers Q1 2021 to Q3 2021.  Liabilities on Revenue decreased slightly (-2.83%) with moderate fluctuation. Current assets on Revenue increased 10.03% with moderate fluctuation.  Cost efficiency metrics (Ratio of Retained Earnings to Revenue, SG&A Expense Ratio, Retained Earning on Assets) showed significant increases (220.72%, 192.72%, and 217.06%, respectively) and high variation.  Earnings Per Share also increased significantly (395.24%), showing high variation.