Working Capital Efficiency
The data from Quater 1 in 2024 to Quater 3 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2024 Quarter 1: Liabilities on Revenue 979800000.0 (%).Trend:Increase 54.35% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 678800000.0 (%).Trend:Decrease 30.72% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 642900000.0 (%).Trend:Decrease 5.29% than previous quarter

Overall: decreasing (-34.38%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2024 Quarter 1: Current assets on Revenue 10330700000.0 (%).Trend:Decrease 16.22% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 9463200000.0 (%).Trend:Decrease 8.4% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 9377000000.0 (%).Trend:Decrease 0.91% than previous quarter

Overall: decreasing (-9.23%). Fluctuation: **Little** (low variation).


Cost Efficiency
The data from Quater 1 in 2024 to Quater 3 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2024 Quarter 1: Ratio of Retained Earnings to Revenue -4339900000.0 (%).Trend:Increase 74.43% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -4418400000.0 (%).Trend:Increase 1.81% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -4551300000.0 (%).Trend:Increase 3.01% than previous quarter

Overall: decreasing (4.87%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2024 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 261500000.0 (%).Trend:Decrease 46.5% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 185300000.0 (%).Trend:Decrease 29.14% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 627200000.0 (%).Trend:Increase 238.48% than previous quarter

Overall: increasing (139.85%). Fluctuation: **Significant** (high variation).


Invest Efficiency
The data from Quater 1 in 2024 to Quater 3 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2024 Quarter 1: Retained Earning on Assets -31.58 (%).Trend:Increase 100.13% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -34.35 (%).Trend:Increase 8.77% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -35.69 (%).Trend:Increase 3.9% than previous quarter

Overall: decreasing (13.01%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis from Q3 2023 to Q1 2024 shows a complex picture. Liabilities on revenue are decreasing significantly (-34.38%) and fluctuations are moderate. Current assets on revenue are also decreasing (-9.23%), with low variation.  Retained earnings to revenue display a large decrease (-4.87%) and considerable volatility.  SG&A expense ratio is increasing significantly (139.85%), and returns on assets are decreasing considerably (-13.01%), with significant fluctuations in all areas.