Working Capital Efficiency
The data from Quater 3 in 2022 to Quater 3 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 3: Liabilities on Revenue 5486100000.0 (%).Trend:Increase 2.13% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 5077200000.0 (%).Trend:Decrease 7.45% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 4474800000.0 (%).Trend:Decrease 11.86% than previous quarter

Overall: decreasing (-18.43%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 7258800000.0 (%).Trend:Increase 11.43% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 6030400000.0 (%).Trend:Decrease 16.92% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 6015600000.0 (%).Trend:Decrease 0.25% than previous quarter

Overall: decreasing (-17.13%). Fluctuation: **Little** (low variation).


Cost Efficiency
The data from Quater 3 in 2022 to Quater 3 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 6726300000.0 (%).Trend:Increase 4.15% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 7259800000.0 (%).Trend:Increase 7.93% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 7932500000.0 (%).Trend:Increase 9.27% than previous quarter

Overall: increasing (17.93%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1138500000.0 (%).Trend:Increase 45.16% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1020900000.0 (%).Trend:Decrease 10.33% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1483400000.0 (%).Trend:Increase 45.3% than previous quarter

Overall: increasing (30.29%). Fluctuation: **Neutral** (moderate variation).


Invest Efficiency
The data from Quater 3 in 2022 to Quater 3 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 3: Retained Earning on Assets 17.92 (%).Trend:Increase 3.76% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 20.82 (%).Trend:Increase 16.18% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 22.89 (%).Trend:Increase 9.94% than previous quarter

Overall: increasing (27.73%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial analysis from Q3 2022 to Q3 2023 shows liabilities and current assets on revenue decreasing. Retained earnings-to-revenue ratio, however, increased, indicating potential improvements in cost efficiency.  Selling, general, and administrative (SG&A) expense ratio also rose, with noticeable fluctuations.  Investment efficiency (retained earnings on assets) has also shown a clear upward trend. Overall, the financial picture suggests improved cost and investment efficiency, but requires further investigation into the volatility of working capital components.