Working Capital Efficiency
The data from Quater 3 in 2021 to Quater 3 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2021 Quarter 3: Liabilities on Revenue 100800300000.0 (%).Trend:Decrease 13.47% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 107042300000.0 (%).Trend:Increase 6.19% than previous quarter

Overall: decreasing (-8.11%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 124650600000.0 (%).Trend:Decrease 5.27% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 119691200000.0 (%).Trend:Decrease 3.98% than previous quarter

Overall: decreasing (-9.04%). Fluctuation: **Little** (low variation).


Cost Efficiency
The data from Quater 3 in 2021 to Quater 3 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 712668700000.0 (%).Trend:Increase 10.26% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 732829200000.0 (%).Trend:Increase 2.83% than previous quarter

Overall: increasing (13.38%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 46323200000.0 (%).Trend:Decrease 34.84% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 68067900000.0 (%).Trend:Increase 46.94% than previous quarter

Overall: decreasing (-4.25%). Fluctuation: **Neutral** (moderate variation).


Invest Efficiency
The data from Quater 3 in 2021 to Quater 3 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2021 Quarter 3: Retained Earning on Assets 211.45 (%).Trend:Increase 7.78% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 222.83 (%).Trend:Increase 5.38% than previous quarter

Overall: increasing (13.58%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 18.0 (USD).Trend:Decrease 30.77% than previous quarter
Year 2023 Quarter 3: Earning Per Share 27.0 (USD).Trend:Increase 50.0% than previous quarter

Overall: increasing (3.85%). Fluctuation: **Neutral** (moderate variation).



Analyzing Q3 2021 to Q3 2023 data reveals a decline in both liabilities and current assets on revenue.  Despite this, strong growth is observed in the ratio of retained earnings to revenue and retained earnings on assets, signifying better cost and investment efficiency. Although SG&A expenses fluctuated, they ultimately decreased slightly, and Earnings per share showed substantial improvement.