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 10815100000.0 (%).Trend:Decrease 7.33% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 10006200000.0 (%).Trend:Decrease 7.48% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 14128300000.0 (%).Trend:Increase 41.2% than previous quarter

Overall: increasing (30.63%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 21413300000.0 (%).Trend:Increase 3.63% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 20250800000.0 (%).Trend:Decrease 5.43% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 24001700000.0 (%).Trend:Increase 18.52% than previous quarter

Overall: increasing (12.09%). 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 12957500000.0 (%).Trend:Increase 14.15% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 13194300000.0 (%).Trend:Increase 1.83% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 12572500000.0 (%).Trend:Decrease 4.71% than previous quarter

Overall: decreasing (-2.97%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6799400000.0 (%).Trend:Decrease 67.89% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13973300000.0 (%).Trend:Increase 105.51% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22404400000.0 (%).Trend:Increase 60.34% than previous quarter

Overall: increasing (229.51%). 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 25.77 (%).Trend:Increase 15.41% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 26.75 (%).Trend:Increase 3.8% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 22.96 (%).Trend:Decrease 14.17% than previous quarter

Overall: decreasing (-10.9%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.04 (USD).Trend:Decrease 110.53% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.03 (USD).Trend:Decrease 175.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.16 (USD).Trend:Decrease 633.33% than previous quarter

Overall: decreasing (300.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2023 indicate a company facing considerable instability.  Liabilities and current assets on revenue are experiencing fluctuation; although, there was a notable increase in liabilities during Q3. The retained earnings ratio demonstrates slight variation. The Selling, General, and Administrative (SG&A) expense ratio is highly variable, decreasing drastically in Q1 then rising in the subsequent quarters. Investment efficiency exhibits minor changes, but earnings per share are declining significantly throughout the period.  The performance is volatile, requiring further investigation into the drivers of fluctuation, especially in SG&A and earnings.