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 18564100000.0 (%).Trend:Decrease 8.74% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 16040200000.0 (%).Trend:Decrease 13.6% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 18422400000.0 (%).Trend:Increase 14.85% than previous quarter

Overall: decreasing (-0.76%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 27352100000.0 (%).Trend:Decrease 8.47% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 26380700000.0 (%).Trend:Decrease 3.55% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 26106200000.0 (%).Trend:Decrease 1.04% than previous quarter

Overall: decreasing (-4.56%). Fluctuation: **Little** (low 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 10342600000.0 (%).Trend:Decrease 9.94% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 10075600000.0 (%).Trend:Decrease 2.58% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 9118900000.0 (%).Trend:Decrease 9.5% than previous quarter

Overall: decreasing (-11.83%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6193400000.0 (%).Trend:Decrease 66.08% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12355200000.0 (%).Trend:Increase 99.49% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18534400000.0 (%).Trend:Increase 50.01% than previous quarter

Overall: increasing (199.26%). 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 19.35 (%).Trend:Decrease 8.94% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 19.85 (%).Trend:Increase 2.58% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 18.71 (%).Trend:Decrease 5.74% than previous quarter

Overall: decreasing (-3.31%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.22 (USD).Trend:Increase 57.14% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.27 (USD).Trend:Increase 22.73% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.02 (USD).Trend:Decrease 107.41% than previous quarter

Overall: decreasing (-109.09%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 to Q3 2023 indicates a mixed picture. While liabilities and current assets on revenue are trending slightly downwards, cost efficiency shows a continued decline in the ratio of retained earnings to revenue.  Selling, general, and administrative expenses show significant fluctuations, increasing drastically from Q1 to Q2, and again to Q3. Investment efficiency remains stable but low. Earnings per share experienced an increase in Q1 and Q2 but drastically fell in Q3, demonstrating significant volatility.