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 56316000000.0 (%).Trend:Increase 2.58% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 54353000000.0 (%).Trend:Decrease 3.49% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 35586200000.0 (%).Trend:Decrease 34.53% than previous quarter

Overall: decreasing (-36.81%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 92824800000.0 (%).Trend:Decrease 4.14% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 88500100000.0 (%).Trend:Decrease 4.66% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 79933900000.0 (%).Trend:Decrease 9.68% than previous quarter

Overall: decreasing (-13.89%). 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 -128657400000.0 (%).Trend:Decrease 0.56% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -130749100000.0 (%).Trend:Increase 1.63% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -120096500000.0 (%).Trend:Decrease 8.15% than previous quarter

Overall: increasing (-6.65%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15277500000.0 (%).Trend:Increase 38.43% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5174500000.0 (%).Trend:Decrease 66.13% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11216300000.0 (%).Trend:Increase 116.76% than previous quarter

Overall: decreasing (-26.58%). Fluctuation: **Significant** (high variation).


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 -73.41 (%).Trend:Increase 2.17% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -78.41 (%).Trend:Increase 6.81% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -76.58 (%).Trend:Decrease 2.33% than previous quarter

Overall: decreasing (4.32%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.5 (USD).Trend:Decrease 18.03% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.16 (USD).Trend:Decrease 68.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.0 (USD).Trend:Decrease 725.0% than previous quarter

Overall: increasing (-300.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q3 2022 to Q2 2023 present a mixed financial picture. Working capital efficiency shows a negative downward trend in liabilities and current assets on revenue. Cost efficiency is characterized by substantial fluctuations, especially in the selling, general, and administrative expense ratio. Investment efficiency also shows a decreasing trend in retained earnings on assets, with earnings per share experiencing significant volatility.