Working Capital Efficiency
The data from Quater 1 in 2020 to Quater 3 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2020 Quarter 1: Liabilities on Revenue 190300000000.0 (%).Trend:Increase 29.02% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 241000000000.0 (%).Trend:Increase 26.64% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 366900000000.0 (%).Trend:Increase 52.24% than previous quarter

Overall: increasing (92.8%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 1958400000000.0 (%).Trend:Increase 57.68% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 1468100000000.0 (%).Trend:Decrease 25.04% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 1439300000000.0 (%).Trend:Decrease 1.96% than previous quarter

Overall: decreasing (-26.51%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 1 in 2020 to Quater 3 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 1579000000000.0 (%).Trend:Increase 11.84% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 1631300000000.0 (%).Trend:Increase 3.31% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 1755000000000.0 (%).Trend:Increase 7.58% than previous quarter

Overall: increasing (11.15%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 29300000000.0 (%).Trend:Decrease 63.65% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 92000000000.0 (%).Trend:Increase 213.99% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 143700000000.0 (%).Trend:Increase 56.2% than previous quarter

Overall: increasing (390.44%). Fluctuation: **Significant** (high variation).


Invest Efficiency
The data from Quater 1 in 2020 to Quater 3 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2020 Quarter 1: Retained Earning on Assets 67.9 (%).Trend:Decrease 23.96% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 64.79 (%).Trend:Decrease 4.58% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 65.29 (%).Trend:Increase 0.77% than previous quarter

Overall: decreasing (-3.84%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 1.49 (USD).Trend:Decrease 50.83% than previous quarter
Year 2020 Quarter 2: Earning Per Share 2.5 (USD).Trend:Increase 67.79% than previous quarter
Year 2021 Quarter 3: Earning Per Share 4.67 (USD).Trend:Increase 86.8% than previous quarter

Overall: increasing (213.42%). Fluctuation: **Significant** (high variation).



Financial data from Q1 2020 to Q3 2021 show increasing liabilities on revenue, while current assets on revenue trended down. Cost efficiency, as measured by retained earnings to revenue, is trending upwards, but with fluctuating amounts. Significant fluctuations are seen in selling, general and administrative (SG&A) expenses, an overall increase. Investment efficiency trends downward slightly, but the change is minimal. Earnings per share saw substantial increases and fluctuations.