Working Capital Efficiency
The data from Quater 3 in 2022 to Quater 2 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 3: Liabilities on Revenue 140900000000.0 (%).Trend:Increase 14.18% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 122500000000.0 (%).Trend:Decrease 13.06% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 127800000000.0 (%).Trend:Increase 4.33% than previous quarter

Overall: decreasing (-9.3%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 208600000000.0 (%).Trend:Increase 1.71% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 190300000000.0 (%).Trend:Decrease 8.77% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 174600000000.0 (%).Trend:Decrease 8.25% than previous quarter

Overall: decreasing (-16.3%). Fluctuation: **Little** (low variation).


Cost Efficiency
The data from Quater 3 in 2022 to Quater 2 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 276300000000.0 (%).Trend:Decrease 1.67% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 265800000000.0 (%).Trend:Decrease 3.8% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 260600000000.0 (%).Trend:Decrease 1.96% than previous quarter

Overall: decreasing (-5.68%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 130000000000.0 (%).Trend:Increase 55.32% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 43900000000.0 (%).Trend:Decrease 66.23% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 87600000000.0 (%).Trend:Increase 99.54% than previous quarter

Overall: decreasing (-32.62%). Fluctuation: **Significant** (high variation).


Invest Efficiency
The data from Quater 3 in 2022 to Quater 2 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 3: Retained Earning on Assets 19.08 (%).Trend:Decrease 3.29% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 18.28 (%).Trend:Decrease 4.19% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 18.09 (%).Trend:Decrease 1.04% than previous quarter

Overall: decreasing (-5.19%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.31 (USD).Trend:Decrease 41.51% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.08 (USD).Trend:Decrease 125.81% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.25 (USD).Trend:Increase 212.5% than previous quarter

Overall: decreasing (-180.65%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q2 2023 reveals a mixed performance. Liabilities on revenue decreased slightly, while current assets on revenue also decreased, indicating potential cash flow challenges. Cost efficiency, measured by the ratio of retained earnings to revenue, continues its downward trend.  Selling, general, and administrative (SG&A) expenses decreased significantly in Q1 2023 but rebounded in Q2. Retained earnings on assets also show a continuing downward trend.  Earnings per share continue to decline, experiencing negative values in Q1 and Q2 2023. The performance indicates sustained pressure on profitability and potential management challenges.