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 8850200000.0 (%).Trend:Decrease 15.79% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 9164100000.0 (%).Trend:Increase 3.55% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 9603700000.0 (%).Trend:Increase 4.8% than previous quarter

Overall: increasing (8.51%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 18518800000.0 (%).Trend:Decrease 14.42% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 20377300000.0 (%).Trend:Increase 10.04% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 18984200000.0 (%).Trend:Decrease 6.84% than previous quarter

Overall: increasing (2.51%). 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 12101700000.0 (%).Trend:Decrease 27.58% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 12454800000.0 (%).Trend:Increase 2.92% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 12506300000.0 (%).Trend:Increase 0.41% than previous quarter

Overall: increasing (3.34%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2142300000.0 (%).Trend:Decrease 63.88% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4595100000.0 (%).Trend:Increase 114.49% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7011100000.0 (%).Trend:Increase 52.58% than previous quarter

Overall: increasing (227.27%). 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 35.98 (%).Trend:Decrease 11.03% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 35.43 (%).Trend:Decrease 1.53% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 37.38 (%).Trend:Increase 5.5% than previous quarter

Overall: increasing (3.89%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.2 (USD).Trend:Increase 25.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.12 (USD).Trend:Decrease 160.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.18 (USD).Trend:Increase 50.0% than previous quarter

Overall: increasing (-190.0%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2023 to Q3 2023 shows a mostly positive trend, with increases in liabilities, current assets, the ratio of retained earnings to revenue, and investment efficiency (retained earnings on assets).  However, the selling, general, and administrative (SG&A) expense ratio and earnings per share show significant increases and decreases, respectively, indicating substantial fluctuations.