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 134270500000.0 (%).Trend:Increase 61.8% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 128793600000.0 (%).Trend:Decrease 4.08% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 98636100000.0 (%).Trend:Decrease 23.42% than previous quarter

Overall: decreasing (-26.54%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 162166700000.0 (%).Trend:Decrease 12.12% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 176013100000.0 (%).Trend:Increase 8.54% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 148242800000.0 (%).Trend:Decrease 15.78% than previous quarter

Overall: decreasing (-8.59%). 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 70592300000.0 (%).Trend:Decrease 34.73% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 83757300000.0 (%).Trend:Increase 18.65% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 108097200000.0 (%).Trend:Increase 29.06% than previous quarter

Overall: increasing (53.13%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 11.24 (%).Trend:Decrease 33.53% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 12.76 (%).Trend:Increase 13.52% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 17.44 (%).Trend:Increase 36.68% than previous quarter

Overall: increasing (55.16%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -3.4 (USD).Trend:Decrease 130.17% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.78 (USD).Trend:Decrease 152.35% than previous quarter
Year 2023 Quarter 3: Earning Per Share 9.9 (USD).Trend:Increase 456.18% than previous quarter

Overall: increasing (-391.18%). Fluctuation: **Significant** (high variation).



Analysis of Q1 2023 to Q3 2023 reveals a complex financial performance.  While liabilities on revenue decreased overall by 26.54% (moderate fluctuation), current assets also decreased by 8.59% (low variation).  However, the ratio of retained earnings to revenue increased by 53.13% (moderate fluctuation), and retained earnings on assets also increased by 55.16% (moderate fluctuation), suggesting improved cost efficiency and investment.  Earnings per share increased by -391.18%, indicating high variation.