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 164469900.0 (%).Trend:Increase 53.75% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 210144600.0 (%).Trend:Increase 27.77% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 243602300.0 (%).Trend:Increase 15.92% than previous quarter

Overall: increasing (48.11%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 1589391100.0 (%).Trend:Decrease 25.06% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 2050351200.0 (%).Trend:Increase 29.0% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 1817232200.0 (%).Trend:Decrease 11.37% than previous quarter

Overall: increasing (14.34%). Fluctuation: **Neutral** (moderate 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 -13323484900.0 (%).Trend:Increase 5.29% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -13704227900.0 (%).Trend:Increase 2.86% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -13989203200.0 (%).Trend:Increase 2.08% than previous quarter

Overall: decreasing (5.0%). Fluctuation: **Significant** (high 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 -777.69 (%).Trend:Increase 34.69% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -594.62 (%).Trend:Decrease 23.54% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -675.01 (%).Trend:Increase 13.52% than previous quarter

Overall: increasing (-13.2%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis for Q1 2023 to Q3 2023 reveals a mixed picture. Liabilities on revenue are rising, while current assets show a modest increase.  The ratio of retained earnings to revenue declines, highlighting significant variation. Investment efficiency, represented by retained earnings on assets, is increasing.