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 543850000000.0 (%).Trend:Increase 24.12% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 533350000000.0 (%).Trend:Decrease 1.93% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 523790000000.0 (%).Trend:Decrease 1.79% than previous quarter

Overall: decreasing (-3.69%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 1164960000000.0 (%).Trend:Increase 17.87% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 1239150000000.0 (%).Trend:Increase 6.37% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 1307650000000.0 (%).Trend:Increase 5.53% than previous quarter

Overall: increasing (12.25%). 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 1400530000000.0 (%).Trend:Increase 1.78% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 1509550000000.0 (%).Trend:Increase 7.78% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 1618240000000.0 (%).Trend:Increase 7.2% than previous quarter

Overall: increasing (15.54%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19500000000.0 (%).Trend:Decrease 63.31% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 37690000000.0 (%).Trend:Increase 93.28% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 55920000000.0 (%).Trend:Increase 48.37% than previous quarter

Overall: increasing (186.77%). 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 40.21 (%).Trend:Decrease 10.53% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 40.95 (%).Trend:Increase 1.84% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 42.54 (%).Trend:Increase 3.88% than previous quarter

Overall: increasing (5.79%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 83.33% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.0 (USD).Trend:Increase 200.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 6.0 (USD).Trend:Increase 100.0% than previous quarter

Overall: increasing (500.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2023 show a mixed picture. Liabilities on revenue decreased slightly, while current assets increased, indicating efficient management. Cost efficiency, measured by the retained earnings-to-revenue ratio, shows a steady growth, demonstrating increased profitability. However, the selling, general, and administrative (SG&A) expense ratio experienced significant fluctuations, and earnings per share (EPS) also fluctuated significantly but ultimately rose.