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 35790000000.0 (%).Trend:Increase 4.31% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 32370000000.0 (%).Trend:Decrease 9.56% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 33160000000.0 (%).Trend:Increase 2.44% than previous quarter

Overall: decreasing (-7.35%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 103520000000.0 (%).Trend:Increase 5.94% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 106030000000.0 (%).Trend:Increase 2.42% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 106780000000.0 (%).Trend:Increase 0.71% than previous quarter

Overall: increasing (3.15%). 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 84310000000.0 (%).Trend:Increase 5.85% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 86560000000.0 (%).Trend:Increase 2.67% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 88740000000.0 (%).Trend:Increase 2.52% than previous quarter

Overall: increasing (5.25%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5010000000.0 (%).Trend:Decrease 65.52% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10290000000.0 (%).Trend:Increase 105.39% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15960000000.0 (%).Trend:Increase 55.1% than previous quarter

Overall: increasing (218.56%). 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 52.73 (%).Trend:Increase 2.75% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 52.56 (%).Trend:Decrease 0.32% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 53.03 (%).Trend:Increase 0.89% than previous quarter

Overall: increasing (0.57%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.64 (USD).Trend:Decrease 58.71% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.29 (USD).Trend:Increase 101.56% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.91 (USD).Trend:Increase 48.06% than previous quarter

Overall: increasing (198.44%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 to Q3 2023 reveals a mixed financial performance. Working capital efficiency shows liabilities on revenue trending downward, though with little fluctuation. Current assets on revenue, however, are trending upward, also with minimal variation. Cost efficiency shows a consistent rise in the ratio of retained earnings to revenue, with little fluctuation.  The selling, general, and administrative (SG&A) expense ratio, however, is increasing significantly and exhibits high variation.  Invest efficiency (retained earnings on assets) is increasing slightly with little fluctuation. Earnings per share are also increasing, with significant variation.