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 39085600000.0 (%).Trend:Increase 0.64% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 48135500000.0 (%).Trend:Increase 23.15% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 44502100000.0 (%).Trend:Decrease 7.55% than previous quarter

Overall: increasing (13.86%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 61741500000.0 (%).Trend:Increase 9.76% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 71474400000.0 (%).Trend:Increase 15.76% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 70887800000.0 (%).Trend:Decrease 0.82% than previous quarter

Overall: increasing (14.81%). 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 44479500000.0 (%).Trend:Increase 23.29% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 47684900000.0 (%).Trend:Increase 7.21% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 52962100000.0 (%).Trend:Increase 11.07% than previous quarter

Overall: increasing (19.07%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8540500000.0 (%).Trend:Decrease 62.91% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17035100000.0 (%).Trend:Increase 99.46% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 28566900000.0 (%).Trend:Increase 67.69% than previous quarter

Overall: increasing (234.49%). Fluctuation: **Significant** (high variation).


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 33.67 (%).Trend:Increase 10.87% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 32.09 (%).Trend:Decrease 4.69% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 35.02 (%).Trend:Increase 9.13% than previous quarter

Overall: increasing (4.01%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.32 (USD).Trend:Decrease 73.65% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.4 (USD).Trend:Increase 81.82% than previous quarter
Year 2023 Quarter 3: Earning Per Share 4.17 (USD).Trend:Increase 73.75% than previous quarter

Overall: increasing (215.91%). Fluctuation: **Significant** (high variation).



Analysis of Q1 2023 to Q3 2023 shows increases in liabilities and current assets on revenue, as well as retained earnings to revenue.  Fluctuation was mostly low for these metrics. However, SG&A expenses increased significantly with high variation, while earnings per share also increased significantly with high variation. Retained earnings on assets showed a small increase and low variation.