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 15851400000.0 (%).Trend:Decrease 20.04% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 13709900000.0 (%).Trend:Decrease 13.51% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 14011200000.0 (%).Trend:Increase 2.2% than previous quarter

Overall: decreasing (-11.61%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 71962400000.0 (%).Trend:Increase 9.85% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 74833500000.0 (%).Trend:Increase 3.99% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 68643900000.0 (%).Trend:Decrease 8.27% than previous quarter

Overall: decreasing (-4.61%). 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 90933500000.0 (%).Trend:Increase 17.82% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 96802300000.0 (%).Trend:Increase 6.45% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 97849600000.0 (%).Trend:Increase 1.08% than previous quarter

Overall: increasing (7.61%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 4219700000.0 (%).Trend:Decrease 61.76% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8580100000.0 (%).Trend:Increase 103.33% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12781300000.0 (%).Trend:Increase 48.96% than previous quarter

Overall: increasing (202.9%). 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 76.55 (%).Trend:Increase 4.71% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 78.82 (%).Trend:Increase 2.97% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 78.44 (%).Trend:Decrease 0.48% than previous quarter

Overall: increasing (2.47%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis for Q1 2023 to Q3 2023 shows a complex financial picture. Liabilities on revenue are trending slightly downward, while current assets on revenue are also declining.  Cost efficiency, with a significant increase in retained earnings to revenue, is positive.  However, the SG&A expense ratio shows substantial, and potentially problematic, fluctuations. Retained earnings on assets show a slight upward trend. Overall, the report indicates a mixed performance with some areas of improvement and challenges that need further investigation.