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 18564100000.0 (%).Trend:Decrease 8.74% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 16040200000.0 (%).Trend:Decrease 13.6% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 18422400000.0 (%).Trend:Increase 14.85% than previous quarter

Overall: decreasing (-0.76%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 27352100000.0 (%).Trend:Decrease 8.47% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 26380700000.0 (%).Trend:Decrease 3.55% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 26106200000.0 (%).Trend:Decrease 1.04% than previous quarter

Overall: decreasing (-4.56%). 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 10342600000.0 (%).Trend:Decrease 9.94% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 10075600000.0 (%).Trend:Decrease 2.58% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 9118900000.0 (%).Trend:Decrease 9.5% than previous quarter

Overall: decreasing (-11.83%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6193400000.0 (%).Trend:Decrease 66.08% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12355200000.0 (%).Trend:Increase 99.49% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18534400000.0 (%).Trend:Increase 50.01% than previous quarter

Overall: increasing (199.26%). 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 19.35 (%).Trend:Decrease 8.94% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 19.85 (%).Trend:Increase 2.58% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 18.71 (%).Trend:Decrease 5.74% than previous quarter

Overall: decreasing (-3.31%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.22 (USD).Trend:Increase 57.14% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.27 (USD).Trend:Increase 22.73% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.02 (USD).Trend:Decrease 107.41% than previous quarter

Overall: decreasing (-109.09%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 to Q3 2023 reveals mixed performance.  Working capital efficiency shows a slight decline in liabilities and current assets on revenue.  Cost efficiency continues a negative trend in retained earnings to revenue ratio. SG&A expenses demonstrate significant fluctuation, with a large decrease in Q1, followed by large increases in Q2 and Q3. Investment efficiency shows a slight overall decrease in retained earnings on assets. Earnings per share show an initial increase but a large negative change in Q3, showing substantial volatility.