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 19990000000.0 (%).Trend:Decrease 21.08% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 18710000000.0 (%).Trend:Decrease 6.4% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 19510000000.0 (%).Trend:Increase 4.28% than previous quarter

Overall: decreasing (-2.4%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 71530000000.0 (%).Trend:Increase 9.94% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 75470000000.0 (%).Trend:Increase 5.51% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 63650000000.0 (%).Trend:Decrease 15.66% than previous quarter

Overall: decreasing (-11.02%). 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 116150000000.0 (%).Trend:Increase 14.84% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 113680000000.0 (%).Trend:Decrease 2.13% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 113900000000.0 (%).Trend:Increase 0.19% than previous quarter

Overall: decreasing (-1.94%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7150000000.0 (%).Trend:Decrease 65.14% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14470000000.0 (%).Trend:Increase 102.38% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21030000000.0 (%).Trend:Increase 45.34% than previous quarter

Overall: increasing (194.13%). 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 43.48 (%).Trend:Increase 15.85% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 43.17 (%).Trend:Decrease 0.71% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 45.54 (%).Trend:Increase 5.49% than previous quarter

Overall: increasing (4.74%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.8 (USD).Trend:Decrease 52.13% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.9 (USD).Trend:Decrease 50.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.3 (USD).Trend:Increase 44.44% than previous quarter

Overall: decreasing (-27.78%). Fluctuation: **Significant** (high variation).



Financial statements from Q1-Q3 2023 indicate a mixed financial performance. Liabilities on revenue decreased slightly, whereas current assets on revenue also decreased, suggesting possible shifts in operational strategies. The ratio of retained earnings to revenue shows a slight decrease, reflecting potential profit contraction. The significant increase in SG&A expense ratio indicates substantial investment in sales and administration. Investment efficiency, as measured by retained earnings on assets, shows a slight overall increase. Earnings per share, however, reveal significant volatility, requiring deeper investigation to understand the underlying causes.