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 62451300000.0 (%).Trend:Increase 5.41% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 52373000000.0 (%).Trend:Decrease 16.14% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 56441800000.0 (%).Trend:Increase 7.77% than previous quarter

Overall: decreasing (-9.62%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 44331800000.0 (%).Trend:Decrease 19.07% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 41954800000.0 (%).Trend:Decrease 5.36% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 46179600000.0 (%).Trend:Increase 10.07% than previous quarter

Overall: increasing (4.17%). 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 -140253200000.0 (%).Trend:Increase 2.26% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -137918700000.0 (%).Trend:Decrease 1.66% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -129400200000.0 (%).Trend:Decrease 6.18% than previous quarter

Overall: increasing (-7.74%). 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 -29.85 (%).Trend:Increase 7.1% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -28.69 (%).Trend:Decrease 3.89% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -26.04 (%).Trend:Decrease 9.24% than previous quarter

Overall: increasing (-12.76%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.18 (USD).Trend:Decrease 76.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.23 (USD).Trend:Increase 27.78% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.42 (USD).Trend:Increase 82.61% than previous quarter

Overall: increasing (133.33%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 2023 to Q3 2023 shows a mixed picture. Liabilities on revenue decreased slightly overall with little fluctuation. Current assets on revenue exhibited a moderate increase with limited variation. Cost efficiency, using the retained earnings-to-revenue ratio, increased slightly but with considerable fluctuations. Investment efficiency, measured by retained earnings on assets, also showed a modest increase with significant volatility. Lastly, earnings per share increased substantially from Q1 to Q3 2023.