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 107755200000.0 (%).Trend:Increase 0% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 106614800000.0 (%).Trend:Decrease 1.06% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 85294400000.0 (%).Trend:Decrease 20.0% than previous quarter

Overall: decreasing (-20.84%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 322411400000.0 (%).Trend:Increase 0% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 327814600000.0 (%).Trend:Increase 1.68% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 314164100000.0 (%).Trend:Decrease 4.16% than previous quarter

Overall: decreasing (-2.56%). 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 355542500000.0 (%).Trend:Increase 0% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 371653700000.0 (%).Trend:Increase 4.53% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 393177500000.0 (%).Trend:Increase 5.79% than previous quarter

Overall: increasing (10.59%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15635500000.0 (%).Trend:Increase 0% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 30655000000.0 (%).Trend:Increase 96.06% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 46950300000.0 (%).Trend:Increase 53.16% than previous quarter

Overall: increasing (200.28%). 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 56.67 (%).Trend:Increase 0% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 57.31 (%).Trend:Increase 1.13% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 60.3 (%).Trend:Increase 5.22% than previous quarter

Overall: increasing (6.41%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.0 (USD).Trend:Increase 0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.0 (USD).Trend:Increase 50.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 5.0 (USD).Trend:Increase 66.67% than previous quarter

Overall: increasing (150.0%). Fluctuation: **Significant** (high variation).



The financial analysis reveals mixed trends in 2023.  Working capital efficiency shows a decline in both liabilities and current assets on revenue.  Cost efficiency highlights a considerable rise in SG&A expense ratios, while the ratio of retained earnings to revenue is steadily increasing. Investment efficiency shows a stable rise in retained earnings on assets.  Earnings per share are also increasing substantially, indicating potential profit growth.