Working Capital Efficiency
The data from Quater 3 in 2022 to Quater 3 in 2023 includes 3 quarters.

Liabilities on Revenue
Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 9933460400.0 (%).Trend:Decrease 10.03% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 8507402300.0 (%).Trend:Decrease 14.36% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 8738967100.0 (%).Trend:Increase 2.72% than previous quarter

Overall: decreasing (-12.02%). Fluctuation: **Little** (low variation).


Cost Efficiency
The data from Quater 3 in 2022 to Quater 3 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -4636626200.0 (%).Trend:Increase 8.08% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -5725126100.0 (%).Trend:Increase 23.48% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -6011655900.0 (%).Trend:Increase 5.0% than previous quarter

Overall: decreasing (29.66%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1108575000.0 (%).Trend:Increase 52.39% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 2627466900.0 (%).Trend:Increase 137.01% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3916175200.0 (%).Trend:Increase 49.05% than previous quarter

Overall: increasing (253.26%). Fluctuation: **Significant** (high variation).


Invest Efficiency
The data from Quater 3 in 2022 to Quater 3 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 3: Retained Earning on Assets -34.12 (%).Trend:Increase 17.29% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -47.19 (%).Trend:Increase 38.31% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -48.51 (%).Trend:Increase 2.8% than previous quarter

Overall: decreasing (42.17%). Fluctuation: **Significant** (high variation).

Earning Per Share


The analysis covers Q3 2022 to Q3 2023.  Current assets on revenue decreased overall (-12.02%), showing low variation. Cost efficiency metrics were significantly negative: retained earnings to revenue decreased by 29.66%, and retained earnings on assets decreased by 42.17%, both with high fluctuation.  The SG&A expense ratio showed a massive increase (253.26%) with significant fluctuation.