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 5305900000000.0 (%).Trend:Decrease 23.88% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 5478900000000.0 (%).Trend:Increase 3.26% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 5200700000000.0 (%).Trend:Decrease 5.08% than previous quarter

Overall: decreasing (-1.98%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 4137600000000.0 (%).Trend:Decrease 27.64% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 4226200000000.0 (%).Trend:Increase 2.14% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 3878700000000.0 (%).Trend:Decrease 8.22% than previous quarter

Overall: decreasing (-6.26%). 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 -736900000000.0 (%).Trend:Decrease 10.02% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -710600000000.0 (%).Trend:Decrease 3.57% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -710200000000.0 (%).Trend:Decrease 0.06% than previous quarter

Overall: increasing (-3.62%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 355300000000.0 (%).Trend:Decrease 76.93% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 709600000000.0 (%).Trend:Increase 99.72% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1036400000000.0 (%).Trend:Increase 46.05% than previous quarter

Overall: increasing (191.7%). 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 -8.34 (%).Trend:Increase 38.08% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -8.0 (%).Trend:Decrease 4.08% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -8.34 (%).Trend:Increase 4.25% than previous quarter

Overall: stable (-0.0%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q1 to Q3 2023 shows mixed results. Working capital efficiency, measured by liabilities and current assets on revenue, continues to decline, exhibiting little fluctuation.  Cost efficiency, indicated by the significant fluctuation in the SG&A expense ratio and the ratio of retained earnings to revenue, shows increasing trends despite significant volatility.  Investment efficiency remains stable but also shows considerable fluctuation. Further analysis is crucial to understand these dynamics.