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 11144700000.0 (%).Trend:Decrease 0.05% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 12583100000.0 (%).Trend:Increase 12.91% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 12654000000.0 (%).Trend:Increase 0.56% than previous quarter

Overall: increasing (13.54%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 23681500000.0 (%).Trend:Increase 5.58% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 26095200000.0 (%).Trend:Increase 10.19% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 27042900000.0 (%).Trend:Increase 3.63% than previous quarter

Overall: increasing (14.19%). 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 -29645300000.0 (%).Trend:Decrease 1.38% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -27823800000.0 (%).Trend:Decrease 6.14% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -27281800000.0 (%).Trend:Decrease 1.95% than previous quarter

Overall: increasing (-7.97%). 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 -68.06 (%).Trend:Decrease 6.38% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -59.2 (%).Trend:Decrease 13.02% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -57.75 (%).Trend:Decrease 2.45% than previous quarter

Overall: increasing (-15.15%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis for Q1 2023 to Q3 2023 indicates increasing liabilities and current assets on revenue with little fluctuation, suggesting solid working capital management.  However, the ratio of retained earnings to revenue is increasing significantly with high variation, and the same pattern is apparent for retained earnings on assets; this warrants deeper investigation.  Further analysis is needed.