Working Capital Efficiency
The data from Quater 1 in 2023 to Quater 3 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2023 Quarter 1: Liabilities on Revenue 59300000000.0 (%).Trend:Increase 1.52% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 65500000000.0 (%).Trend:Increase 10.46% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 53800000000.0 (%).Trend:Decrease 17.86% than previous quarter

Overall: decreasing (-9.27%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 62500000000.0 (%).Trend:Decrease 1.53% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 64400000000.0 (%).Trend:Increase 3.04% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 72900000000.0 (%).Trend:Increase 13.2% than previous quarter

Overall: increasing (16.64%). Fluctuation: **Little** (low variation).


Cost Efficiency
The data from Quater 1 in 2023 to Quater 3 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 27200000000.0 (%).Trend:Increase 89.68% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 33000000000.0 (%).Trend:Increase 21.32% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 42500000000.0 (%).Trend:Increase 28.79% than previous quarter

Overall: increasing (56.25%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10600000000.0 (%).Trend:Decrease 64.42% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21700000000.0 (%).Trend:Increase 104.72% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 33200000000.0 (%).Trend:Increase 53.0% than previous quarter

Overall: increasing (213.21%). Fluctuation: **Significant** (high variation).


Invest Efficiency
The data from Quater 1 in 2023 to Quater 3 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2023 Quarter 1: Retained Earning on Assets 4.33 (%).Trend:Increase 71.83% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 4.93 (%).Trend:Increase 13.86% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 6.17 (%).Trend:Increase 25.15% than previous quarter

Overall: increasing (42.49%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.31 (USD).Trend:Decrease 70.35% than previous quarter
Year 2023 Quarter 2: Earning Per Share 4.98 (USD).Trend:Increase 115.58% than previous quarter
Year 2023 Quarter 3: Earning Per Share 8.98 (USD).Trend:Increase 80.32% than previous quarter

Overall: increasing (288.74%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1-Q3 2023 reveals a multifaceted picture. Working capital efficiency shows liabilities declining, but current assets increasing, highlighting some internal shifts.  Cost efficiency, with a marked increase in the ratio of retained earnings to revenue, suggests improved profitability.  However, the selling, general, and administrative expense ratio is increasing significantly, though the fluctuations in both retained earnings on assets and earnings per share are also quite noticeable.  Overall, the data indicate a dynamic financial situation with potential profitability improvements but also significant variability.