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 676700000.0 (%).Trend:Increase 85.09% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 407200000.0 (%).Trend:Decrease 39.83% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 534700000.0 (%).Trend:Increase 31.31% than previous quarter

Overall: decreasing (-20.98%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 2007600000.0 (%).Trend:Decrease 33.87% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 1895500000.0 (%).Trend:Decrease 5.58% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 1915700000.0 (%).Trend:Increase 1.07% than previous quarter

Overall: decreasing (-4.58%). 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 -12497900000.0 (%).Trend:Increase 0.82% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -12135900000.0 (%).Trend:Decrease 2.9% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -12245600000.0 (%).Trend:Increase 0.9% than previous quarter

Overall: increasing (-2.02%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 148800000.0 (%).Trend:Decrease 63.78% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 282000000.0 (%).Trend:Increase 89.52% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 411800000.0 (%).Trend:Increase 46.03% than previous quarter

Overall: increasing (176.75%). 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 -115.58 (%).Trend:Decrease 2.59% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -110.55 (%).Trend:Decrease 4.35% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -110.44 (%).Trend:Decrease 0.1% than previous quarter

Overall: increasing (-4.45%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis from Q1 2023 to Q3 2023 reveals mixed trends. Liabilities on revenue decreased slightly (-20.98%), while current assets decreased by a smaller margin (-4.58%). Cost efficiency shows an increase in SG&A expense ratio (176.75%), but a fluctuating retained earnings-to-revenue ratio (-2.02%). Investment efficiency continues to trend upward (-4.45%). These findings highlight the complex and fluctuating nature of financial performance during this period.