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 54211900000.0 (%).Trend:Decrease 8.82% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 55545700000.0 (%).Trend:Increase 2.46% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 66985900000.0 (%).Trend:Increase 20.6% than previous quarter

Overall: increasing (23.56%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 71585300000.0 (%).Trend:Decrease 14.31% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 74894000000.0 (%).Trend:Increase 4.62% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 71457900000.0 (%).Trend:Decrease 4.59% than previous quarter

Overall: decreasing (-0.18%). 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 102588100000.0 (%).Trend:Increase 2.37% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 104061800000.0 (%).Trend:Increase 1.44% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 94528500000.0 (%).Trend:Decrease 9.16% than previous quarter

Overall: decreasing (-7.86%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 59194300000.0 (%).Trend:Decrease 58.91% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 106785900000.0 (%).Trend:Increase 80.4% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 167181300000.0 (%).Trend:Increase 56.56% than previous quarter

Overall: increasing (182.43%). 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 29.46 (%).Trend:Decrease 1.7% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 29.68 (%).Trend:Increase 0.75% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 27.52 (%).Trend:Decrease 7.28% than previous quarter

Overall: decreasing (-6.59%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.33 (USD).Trend:Decrease 61.18% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.63 (USD).Trend:Increase 90.91% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.41 (USD).Trend:Decrease 34.92% than previous quarter

Overall: increasing (24.24%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1-Q3 2023 reveals that liabilities on revenue are increasing, while current assets on revenue show a slight overall decrease.  Cost efficiency, measured by the ratio of retained earnings to revenue, is decreasing, potentially impacting profitability.  The selling, general, and administrative (SG&A) expense ratio exhibits extreme variability, signifying potential instability in operational expenses. Investment efficiency, as measured by retained earnings on assets, is also decreasing slightly.  Earnings per share also show substantial fluctuation with an overall increase. Further investigation is needed to understand the factors behind the observed volatility in the SG&A expense ratio and earnings per share.