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 23969300000.0 (%).Trend:Decrease 15.11% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 29304800000.0 (%).Trend:Increase 22.26% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 31301500000.0 (%).Trend:Increase 6.81% than previous quarter

Overall: increasing (30.59%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 42827800000.0 (%).Trend:Decrease 20.57% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 46297000000.0 (%).Trend:Increase 8.1% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 50769000000.0 (%).Trend:Increase 9.66% than previous quarter

Overall: increasing (18.54%). 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 64907700000.0 (%).Trend:Increase 3.91% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 67980000000.0 (%).Trend:Increase 4.73% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 71907700000.0 (%).Trend:Increase 5.78% than previous quarter

Overall: increasing (10.78%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 4755900000.0 (%).Trend:Decrease 66.26% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10122100000.0 (%).Trend:Increase 112.83% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15341500000.0 (%).Trend:Increase 51.56% than previous quarter

Overall: increasing (222.58%). 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 53.71 (%).Trend:Increase 14.03% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 54.89 (%).Trend:Increase 2.2% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 55.83 (%).Trend:Increase 1.71% than previous quarter

Overall: increasing (3.95%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis from Q1 2023 to Q3 2023 reveals a positive trend. Liabilities on revenue increased, while current assets on revenue also increased. Cost efficiency, demonstrated by the increasing ratio of retained earnings to revenue, shows a steady improvement with little variation.  The Selling, General & Administrative (SG&A) expense ratio saw a substantial decrease, followed by a considerable increase, with an increase again in the last quarter, resulting in a significant overall increase. Investment efficiency, indicated by retained earnings on assets, demonstrates consistent, though modest, growth.