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 62451300000.0 (%).Trend:Increase 5.41% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 52373000000.0 (%).Trend:Decrease 16.14% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 56441800000.0 (%).Trend:Increase 7.77% than previous quarter

Overall: decreasing (-9.62%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 44331800000.0 (%).Trend:Decrease 19.07% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 41954800000.0 (%).Trend:Decrease 5.36% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 46179600000.0 (%).Trend:Increase 10.07% than previous quarter

Overall: increasing (4.17%). 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 -140253200000.0 (%).Trend:Increase 2.26% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -137918700000.0 (%).Trend:Decrease 1.66% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -129400200000.0 (%).Trend:Decrease 6.18% than previous quarter

Overall: increasing (-7.74%). Fluctuation: **Significant** (high variation).

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

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 -29.85 (%).Trend:Increase 7.1% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -28.69 (%).Trend:Decrease 3.89% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -26.04 (%).Trend:Decrease 9.24% than previous quarter

Overall: increasing (-12.76%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.18 (USD).Trend:Decrease 76.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.23 (USD).Trend:Increase 27.78% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.42 (USD).Trend:Increase 82.61% than previous quarter

Overall: increasing (133.33%). Fluctuation: **Significant** (high variation).



The financial analysis reveals a mixed performance from Q1 2023 to Q3 2023.  Working capital efficiency, measured by liabilities and current assets on revenue, shows a slight overall decrease and limited variation. However, the ratio of retained earnings to revenue, investment efficiency, and earnings per share all experienced substantial fluctuations with positive overall trends.  Earnings per share increased substantially from Q1 to Q3.  The substantial volatility in many key metrics indicates a period of significant change and potential risk factors.