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 1155300000000.0 (%).Trend:Decrease 17.46% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 954800000000.0 (%).Trend:Decrease 17.35% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 1033800000000.0 (%).Trend:Increase 8.27% than previous quarter

Overall: decreasing (-10.52%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 1611600000000.0 (%).Trend:Decrease 21.2% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 1350100000000.0 (%).Trend:Decrease 16.23% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 1718100000000.0 (%).Trend:Increase 27.26% than previous quarter

Overall: increasing (6.61%). Fluctuation: **Neutral** (moderate 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 5459300000000.0 (%).Trend:Increase 6.46% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 5548300000000.0 (%).Trend:Increase 1.63% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 5695200000000.0 (%).Trend:Increase 2.65% than previous quarter

Overall: increasing (4.32%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15900000000.0 (%).Trend:Decrease 63.11% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 36400000000.0 (%).Trend:Increase 128.93% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 53300000000.0 (%).Trend:Increase 46.43% than previous quarter

Overall: increasing (235.22%). 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 59.7 (%).Trend:Increase 10.41% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 61.92 (%).Trend:Increase 3.72% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 60.81 (%).Trend:Decrease 1.79% than previous quarter

Overall: increasing (1.86%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.38 (USD).Trend:Decrease 78.36% than previous quarter
Year 2023 Quarter 2: Earning Per Share 4.23 (USD).Trend:Increase 77.73% than previous quarter
Year 2023 Quarter 3: Earning Per Share 6.56 (USD).Trend:Increase 55.08% than previous quarter

Overall: increasing (175.63%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1-Q3 2023 reveals a mixed performance. Liabilities on revenue are declining overall, but with slight quarter-to-quarter fluctuations. Current assets on revenue are rising.  A notable increase is observed in the Selling, General, and Administrative (SG&A) expense ratio, with substantial fluctuation. The retained earnings-to-revenue ratio and retained earnings-on-assets show consistent increases, but with limited quarter-to-quarter changes.  Earnings per share are also rising, but significantly.