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 556200000000.0 (%).Trend:Increase 53.99% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 757300000000.0 (%).Trend:Increase 36.16% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 685500000000.0 (%).Trend:Decrease 9.48% than previous quarter

Overall: increasing (23.25%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 2957500000000.0 (%).Trend:Increase 14.61% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 2741800000000.0 (%).Trend:Decrease 7.29% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 2322300000000.0 (%).Trend:Decrease 15.3% than previous quarter

Overall: decreasing (-21.48%). 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 1575800000000.0 (%).Trend:Decrease 37.86% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 1297100000000.0 (%).Trend:Decrease 17.69% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 990500000000.0 (%).Trend:Decrease 23.64% than previous quarter

Overall: decreasing (-37.14%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 59200000000.0 (%).Trend:Decrease 63.07% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 118300000000.0 (%).Trend:Increase 99.83% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 181500000000.0 (%).Trend:Increase 53.42% than previous quarter

Overall: increasing (206.59%). 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 34.85 (%).Trend:Decrease 44.16% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 29.83 (%).Trend:Decrease 14.4% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 24.46 (%).Trend:Decrease 18.0% than previous quarter

Overall: decreasing (-29.81%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.65 (USD).Trend:Decrease 76.01% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.91 (USD).Trend:Increase 40.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.18 (USD).Trend:Increase 29.67% than previous quarter

Overall: increasing (81.54%). Fluctuation: **Significant** (high variation).



Financial data from Q1 2023 to Q3 2023 show a mixed and fluctuating picture. Liabilities on revenue are increasing with moderate variation (23.25%). Current assets on revenue are declining (-21.48%). Cost efficiency, as measured by the ratio of retained earnings to revenue, is decreasing significantly (-37.14%). SG&A expense ratios are increasing dramatically (206.59%) indicating significant changes in operational costs. Investment efficiency and earnings per share both show declines, although earnings per share are improving, but with significant variability. Overall, the analysis reveals persistent operational challenges and potential liquidity issues.