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 140450000000.0 (%).Trend:Increase 86.72% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 138390000000.0 (%).Trend:Decrease 1.47% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 140300000000.0 (%).Trend:Increase 1.38% than previous quarter

Overall: decreasing (-0.11%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 182970000000.0 (%).Trend:Increase 91.82% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 183230000000.0 (%).Trend:Increase 0.14% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 183450000000.0 (%).Trend:Increase 0.12% than previous quarter

Overall: increasing (0.26%). 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 85820000000.0 (%).Trend:Decrease 16.53% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 88710000000.0 (%).Trend:Increase 3.37% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 89250000000.0 (%).Trend:Increase 0.61% than previous quarter

Overall: increasing (4.0%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14820000000.0 (%).Trend:Decrease 63.32% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 34270000000.0 (%).Trend:Increase 131.24% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 54620000000.0 (%).Trend:Increase 59.38% than previous quarter

Overall: increasing (268.56%). 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 7.23 (%).Trend:Decrease 80.15% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 7.45 (%).Trend:Increase 3.04% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 7.43 (%).Trend:Decrease 0.27% than previous quarter

Overall: increasing (2.77%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.28 (USD).Trend:Decrease 111.29% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.29 (USD).Trend:Decrease 203.57% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.61 (USD).Trend:Increase 110.34% than previous quarter

Overall: increasing (-317.86%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1 to Q3 2023 reveals a minor decrease in working capital efficiency for liabilities on revenue, while current assets show a slight increase, indicating little fluctuation. Cost efficiency shows a slight increase in the ratio of retained earnings to revenue, with little fluctuation. The selling, general, and administrative (SG&A) expense ratio saw a significant increase. Investment efficiency demonstrates a marginal increase,  while earnings per share continue to show a significant decrease, despite little fluctuation.