Working Capital Efficiency
The data from Quater 3 in 2022 to Quater 2 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 3: Liabilities on Revenue 187732300000.0 (%).Trend:Increase 10.92% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 181846600000.0 (%).Trend:Decrease 3.14% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 232285400000.0 (%).Trend:Increase 27.74% than previous quarter

Overall: increasing (23.73%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 203278800000.0 (%).Trend:Increase 12.92% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 136506100000.0 (%).Trend:Decrease 32.85% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 194086100000.0 (%).Trend:Increase 42.18% than previous quarter

Overall: decreasing (-4.52%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 3 in 2022 to Quater 2 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 114375600000.0 (%).Trend:Increase 2.02% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 112944100000.0 (%).Trend:Decrease 1.25% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 113064400000.0 (%).Trend:Increase 0.11% than previous quarter

Overall: decreasing (-1.15%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio

Invest Efficiency
The data from Quater 3 in 2022 to Quater 2 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 3: Retained Earning on Assets 24.13 (%).Trend:Decrease 0.66% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 25.39 (%).Trend:Increase 5.22% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 22.94 (%).Trend:Decrease 9.65% than previous quarter

Overall: decreasing (-4.93%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.42 (USD).Trend:Increase 61.54% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.06 (USD).Trend:Decrease 114.29% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.02 (USD).Trend:Decrease 66.67% than previous quarter

Overall: decreasing (-104.76%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q2 2023 reveals a mixed bag.  Liabilities on revenue increased, while current assets on revenue decreased.  Cost efficiency shows a marginal decrease in the retained earnings-to-revenue ratio, while investment efficiency slightly decreased overall.  Earning per share experienced a substantial negative shift.  Fluctuations are mostly moderate or low, except for earnings per share, which is significantly negative.