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 4444600000.0 (%).Trend:Decrease 28.76% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 2224300000.0 (%).Trend:Decrease 49.96% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 2006000000.0 (%).Trend:Decrease 9.81% than previous quarter

Overall: decreasing (-54.87%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 18707200000.0 (%).Trend:Decrease 1.8% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 16771600000.0 (%).Trend:Decrease 10.35% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 17068900000.0 (%).Trend:Increase 1.77% than previous quarter

Overall: decreasing (-8.76%). 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 16771700000.0 (%).Trend:Increase 6.81% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 16963300000.0 (%).Trend:Increase 1.14% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 17533800000.0 (%).Trend:Increase 3.36% than previous quarter

Overall: increasing (4.54%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2677600000.0 (%).Trend:Decrease 63.31% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4908300000.0 (%).Trend:Increase 83.31% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7280300000.0 (%).Trend:Increase 48.33% than previous quarter

Overall: increasing (171.9%). 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 54.51 (%).Trend:Increase 7.88% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 59.1 (%).Trend:Increase 8.42% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 60.7 (%).Trend:Increase 2.71% than previous quarter

Overall: increasing (11.36%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.79 (USD).Trend:Decrease 60.89% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.3 (USD).Trend:Increase 64.56% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.29 (USD).Trend:Increase 76.15% than previous quarter

Overall: increasing (189.87%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1-Q3 2023 reveals a complex financial picture. Liabilities on revenue decreased drastically (-54.87%) with high variation. Current assets on revenue also decreased (-8.76%) but with less significant fluctuation. The ratio of retained earnings to revenue rose steadily (4.54%) with low variation.  SG&A expense ratio increased considerably (171.9%) with high fluctuation.  Retained earnings on assets increased (11.36%) with minimal fluctuation. Earnings per share also increased substantially (189.87%) with significant volatility.