Working Capital Efficiency
The data from Quater 3 in 2022 to Quater 2 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 3: Liabilities on Revenue 47322700000.0 (%).Trend:Decrease 0.33% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 27193800000.0 (%).Trend:Decrease 42.54% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 27363800000.0 (%).Trend:Increase 0.63% than previous quarter

Overall: decreasing (-42.18%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 52996300000.0 (%).Trend:Increase 4.89% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 35597200000.0 (%).Trend:Decrease 32.83% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 35372200000.0 (%).Trend:Decrease 0.63% than previous quarter

Overall: decreasing (-33.26%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 3 in 2022 to Quater 2 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -40084200000.0 (%).Trend:Decrease 14.57% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -36403700000.0 (%).Trend:Decrease 9.18% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -34920700000.0 (%).Trend:Decrease 4.07% than previous quarter

Overall: increasing (-12.88%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

Invest Efficiency
The data from Quater 3 in 2022 to Quater 2 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 3: Retained Earning on Assets -12.25 (%).Trend:Decrease 14.46% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -11.91 (%).Trend:Decrease 2.78% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -11.53 (%).Trend:Decrease 3.19% than previous quarter

Overall: increasing (-5.88%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.82 (USD).Trend:Increase 228.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.11 (USD).Trend:Decrease 86.59% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.24 (USD).Trend:Increase 118.18% than previous quarter

Overall: decreasing (-70.73%). Fluctuation: **Significant** (high variation).



Financial review of Q3 2022 to Q2 2023 shows a mixed performance. Liabilities on revenue have decreased substantially, demonstrating significant volatility. Current assets on revenue also show a decline, but with more moderate fluctuations.  Cost efficiency, measured by the retained earnings to revenue ratio, displays a minor negative increase (decreasing trend).  Investment efficiency (retained earnings on assets) also shows a slight negative increasing trend. Earnings per share are significantly decreasing, with highly volatile trends. This mixed bag requires a detailed investigation into the individual drivers behind the observed trends.