Working Capital Efficiency
The data from Quater 3 in 2022 to Quater 2 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 3: Liabilities on Revenue 7758100000.0 (%).Trend:Decrease 1.85% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 9695300000.0 (%).Trend:Increase 24.97% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 9730700000.0 (%).Trend:Increase 0.37% than previous quarter

Overall: increasing (25.43%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 16741100000.0 (%).Trend:Decrease 1.82% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 17625900000.0 (%).Trend:Increase 5.29% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 15995100000.0 (%).Trend:Decrease 9.25% than previous quarter

Overall: decreasing (-4.46%). Fluctuation: **Little** (low variation).


Cost Efficiency
The data from Quater 3 in 2022 to Quater 2 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 13183600000.0 (%).Trend:Decrease 5.18% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 12038200000.0 (%).Trend:Decrease 8.69% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 10263100000.0 (%).Trend:Decrease 14.75% than previous quarter

Overall: decreasing (-22.15%). Fluctuation: **Neutral** (moderate variation).

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

Invest Efficiency
The data from Quater 3 in 2022 to Quater 2 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 3: Retained Earning on Assets 44.01 (%).Trend:Decrease 1.28% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 37.94 (%).Trend:Decrease 13.79% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 34.37 (%).Trend:Decrease 9.41% than previous quarter

Overall: decreasing (-21.9%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.28 (USD).Trend:Increase 180.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.21 (USD).Trend:Decrease 25.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.65 (USD).Trend:Increase 209.52% than previous quarter

Overall: decreasing (132.14%). Fluctuation: **Significant** (high variation).



Financial statement analysis (Q3 2022-Q2 2023) reveals a 25.43% increase in Liabilities on Revenue and a -4.46% decrease in Current assets on Revenue.  Ratio of Retained Earnings to Revenue and Retained Earning on Assets show significant decreases (-22.15% and -21.9%, respectively). Earning Per Share shows a dramatic decrease (132.14%) with high fluctuation.  Data errors and outliers must be excluded.