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 140450000000.0 (%).Trend:Increase 86.72% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 138390000000.0 (%).Trend:Decrease 1.47% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 140300000000.0 (%).Trend:Increase 1.38% than previous quarter

Overall: decreasing (-0.11%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 182970000000.0 (%).Trend:Increase 91.82% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 183230000000.0 (%).Trend:Increase 0.14% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 183450000000.0 (%).Trend:Increase 0.12% than previous quarter

Overall: increasing (0.26%). 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 85820000000.0 (%).Trend:Decrease 16.53% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 88710000000.0 (%).Trend:Increase 3.37% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 89250000000.0 (%).Trend:Increase 0.61% than previous quarter

Overall: increasing (4.0%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14820000000.0 (%).Trend:Decrease 63.32% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 34270000000.0 (%).Trend:Increase 131.24% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 54620000000.0 (%).Trend:Increase 59.38% than previous quarter

Overall: increasing (268.56%). 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 7.23 (%).Trend:Decrease 80.15% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 7.45 (%).Trend:Increase 3.04% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 7.43 (%).Trend:Decrease 0.27% than previous quarter

Overall: increasing (2.77%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.28 (USD).Trend:Decrease 111.29% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.29 (USD).Trend:Decrease 203.57% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.61 (USD).Trend:Increase 110.34% than previous quarter

Overall: increasing (-317.86%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 2023 to Q3 2023 reveals a slight decrease in working capital efficiency for liabilities on revenue, with a small increase in current assets, both indicating little fluctuation. Cost efficiency shows an increase in the ratio of retained earnings to revenue, indicating little fluctuation.  The selling, general, and administrative (SG&A) expense ratio has increased significantly. Investment efficiency exhibits a minor increase, while earnings per share show a significant decrease.