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 3634200000.0 (%).Trend:Decrease 13.23% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 4170500000.0 (%).Trend:Increase 14.76% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 8671800000.0 (%).Trend:Increase 107.93% than previous quarter

Overall: increasing (138.62%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 24708400000.0 (%).Trend:Decrease 3.4% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 25169900000.0 (%).Trend:Increase 1.87% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 24681200000.0 (%).Trend:Decrease 1.94% than previous quarter

Overall: decreasing (-0.11%). 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 8513300000.0 (%).Trend:Decrease 11.4% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 9387300000.0 (%).Trend:Increase 10.27% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 10351700000.0 (%).Trend:Increase 10.27% than previous quarter

Overall: increasing (21.59%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3077500000.0 (%).Trend:Decrease 68.84% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6270800000.0 (%).Trend:Increase 103.76% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9409300000.0 (%).Trend:Increase 50.05% than previous quarter

Overall: increasing (205.74%). 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 15.2 (%).Trend:Decrease 5.12% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 16.77 (%).Trend:Increase 10.33% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 18.69 (%).Trend:Increase 11.45% than previous quarter

Overall: increasing (22.96%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.43 (USD).Trend:Decrease 72.26% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.0 (USD).Trend:Increase 132.56% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.61 (USD).Trend:Increase 61.0% than previous quarter

Overall: increasing (274.42%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 to Q3 2023 shows a complex picture. Liabilities on revenue increased significantly (138.62%) over the period, while current assets on revenue decreased slightly (-0.11%), indicating potential issues with working capital management.  The ratio of retained earnings to revenue increased moderately (21.59%), suggesting stronger profitability trends.  However, the selling, general, and administrative (SG&A) expense ratio experienced substantial fluctuation (205.74%), highlighting potential inefficiencies in operational costs.  Retained earnings on assets increased steadily (22.96%), and earnings per share grew considerably (274.42%), indicating positive financial performance but with substantial variance.