Working Capital Efficiency
The data from Quater 1 in 2022 to Quater 1 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 1: Liabilities on Revenue 237121100000.0 (%).Trend:Increase 1.24% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 255990500000.0 (%).Trend:Increase 7.96% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 268421800000.0 (%).Trend:Increase 4.86% than previous quarter

Overall: increasing (13.2%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 291066900000.0 (%).Trend:Increase 11.06% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 319803700000.0 (%).Trend:Increase 9.87% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 343514200000.0 (%).Trend:Increase 7.41% than previous quarter

Overall: increasing (18.02%). Fluctuation: **Little** (low variation).


Cost Efficiency
The data from Quater 1 in 2022 to Quater 1 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 33982200000.0 (%).Trend:Increase 6.12% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 35933900000.0 (%).Trend:Increase 5.74% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 45024900000.0 (%).Trend:Increase 25.3% than previous quarter

Overall: increasing (32.5%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10145000000.0 (%).Trend:Decrease 60.9% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29515400000.0 (%).Trend:Increase 190.94% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10278400000.0 (%).Trend:Decrease 65.18% than previous quarter

Overall: increasing (1.31%). Fluctuation: **Significant** (high variation).


Invest Efficiency
The data from Quater 1 in 2022 to Quater 1 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 1: Retained Earning on Assets 2.35 (%).Trend:Increase 3.07% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 2.4 (%).Trend:Increase 2.13% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 2.94 (%).Trend:Increase 22.5% than previous quarter

Overall: increasing (25.11%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.17 (USD).Trend:Decrease 134.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.46 (USD).Trend:Increase 170.59% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.29 (USD).Trend:Decrease 36.96% than previous quarter

Overall: increasing (70.59%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 2022 to Q1 2023 reveals a mixed outlook. Working capital efficiency shows a positive trend, with increasing liabilities (13.2%) and current assets (18.02%) exhibiting minimal fluctuation. Cost efficiency displays strong growth in the retained earnings to revenue ratio (32.5%), with a moderate variation.  Investment efficiency also shows a continued improvement (25.11%). However, the SG&A expense ratio shows significant fluctuation (1.31%). Earnings per share show a variable increase (70.59%), with significant variation.