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 15459800000.0 (%).Trend:Decrease 14.2% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 20855200000.0 (%).Trend:Increase 34.9% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 20840900000.0 (%).Trend:Decrease 0.07% than previous quarter

Overall: increasing (34.81%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 26060400000.0 (%).Trend:Increase 5.88% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 29448200000.0 (%).Trend:Increase 13.0% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 28476400000.0 (%).Trend:Decrease 3.3% than previous quarter

Overall: increasing (9.27%). 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 10476600000.0 (%).Trend:Increase 7.1% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 7193900000.0 (%).Trend:Decrease 31.33% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 5925300000.0 (%).Trend:Decrease 17.63% than previous quarter

Overall: decreasing (-43.44%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1681100000.0 (%).Trend:Decrease 66.1% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3435600000.0 (%).Trend:Increase 104.37% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5121800000.0 (%).Trend:Increase 49.08% than previous quarter

Overall: increasing (204.67%). 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 25.5 (%).Trend:Increase 7.69% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 16.42 (%).Trend:Decrease 35.61% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 13.91 (%).Trend:Decrease 15.29% than previous quarter

Overall: decreasing (-45.45%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.24 (USD).Trend:Decrease 91.72% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.46 (USD).Trend:Increase 508.33% than previous quarter
Year 2023 Quarter 3: Earning Per Share -1.93 (USD).Trend:Increase 32.19% than previous quarter

Overall: decreasing (704.17%). Fluctuation: **Significant** (high variation).



Financial review of Q1-Q3 2023 reveals a mixed picture of financial performance. Liabilities on revenue show a moderate increase (34.81%). Current assets on revenue are also increasing (9.27%). However, cost efficiency is declining significantly (-43.44%), with a high degree of volatility in the ratio of retained earnings to revenue. The SG&A expense ratio is increasing dramatically (204.67%)  with substantial fluctuations. Investment efficiency and earnings per share are also declining significantly (-45.45% and -704.17%, respectively). The data indicates significant issues with cost and investment efficiency, alongside fluctuating earnings.