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 21360000000.0 (%).Trend:Increase 5.59% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 19130000000.0 (%).Trend:Decrease 10.44% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 19990000000.0 (%).Trend:Increase 4.5% than previous quarter

Overall: decreasing (-6.41%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 67190000000.0 (%).Trend:Increase 1.94% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 66960000000.0 (%).Trend:Decrease 0.34% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 69140000000.0 (%).Trend:Increase 3.26% than previous quarter

Overall: increasing (2.9%). 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 -54480000000.0 (%).Trend:Decrease 5.15% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -52350000000.0 (%).Trend:Decrease 3.91% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -49900000000.0 (%).Trend:Decrease 4.68% than previous quarter

Overall: increasing (-8.41%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6290000000.0 (%).Trend:Decrease 64.08% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12710000000.0 (%).Trend:Increase 102.07% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18770000000.0 (%).Trend:Increase 47.68% than previous quarter

Overall: increasing (198.41%). 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 -36.65 (%).Trend:Decrease 3.68% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -35.44 (%).Trend:Decrease 3.3% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -33.42 (%).Trend:Decrease 5.7% than previous quarter

Overall: increasing (-8.81%). Fluctuation: **Significant** (high variation).

Earning Per Share


The financial analysis for Q1 2023 to Q3 2023 shows liabilities on revenue decreasing slightly (-6.41%) with little fluctuation, and current assets on revenue increasing (2.9%) with little fluctuation.  Cost efficiency exhibits substantial growth in SG&A expenses (198.41%), a significant increase in the ratio of retained earnings to revenue (-8.41%), and a considerable increase in retained earning on assets (-8.81%). These trends exhibit high volatility.