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 65534300000.0 (%).Trend:Decrease 3.84% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 69168800000.0 (%).Trend:Increase 5.55% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 72141000000.0 (%).Trend:Increase 4.3% than previous quarter

Overall: increasing (10.08%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 81129600000.0 (%).Trend:Increase 2.37% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 76257200000.0 (%).Trend:Decrease 6.01% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 81940000000.0 (%).Trend:Increase 7.45% than previous quarter

Overall: increasing (1.0%). 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 46396200000.0 (%).Trend:Increase 11.07% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 52513800000.0 (%).Trend:Increase 13.19% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 55392500000.0 (%).Trend:Increase 5.48% than previous quarter

Overall: increasing (19.39%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26885700000.0 (%).Trend:Increase 51.07% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8821400000.0 (%).Trend:Decrease 67.19% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17576300000.0 (%).Trend:Increase 99.25% than previous quarter

Overall: decreasing (-34.63%). 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 27.65 (%).Trend:Increase 10.91% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 30.61 (%).Trend:Increase 10.71% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 31.56 (%).Trend:Increase 3.1% than previous quarter

Overall: increasing (14.14%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.73 (USD).Trend:Decrease 63.5% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.64 (USD).Trend:Increase 124.66% than previous quarter

Overall: decreasing (-18.0%). Fluctuation: **Significant** (high variation).



Financial data from Q3 2020 to Q2 2021 indicates a mixed picture. Liabilities as a percentage of revenue trended upward slightly (10.08%), while current assets showed a slight increase (1.0%). Cost efficiency, reflected by the increasing ratio of retained earnings to revenue (19.39%), suggests strong profitability. However, the selling, general, and administrative (SG&A) expense ratio decreased significantly (-34.63%), demonstrating substantial changes in operational costs. Investment efficiency (retained earnings on assets) increased steadily (14.14%), while earnings per share saw a significant decrease (-18%) with high volatility.