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 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
Year 2023 Quarter 3: Liabilities on Revenue 132700000000.0 (%).Trend:Increase 3.83% than previous quarter

Overall: increasing (8.33%). Fluctuation: **Little** (low variation).

Current assets on Revenue
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
Year 2023 Quarter 3: Current assets on Revenue 168000000000.0 (%).Trend:Decrease 3.78% than previous quarter

Overall: decreasing (-11.72%). 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 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
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 256700000000.0 (%).Trend:Decrease 1.5% than previous quarter

Overall: decreasing (-3.42%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
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
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 130800000000.0 (%).Trend:Increase 49.32% than previous quarter

Overall: increasing (197.95%). 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 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
Year 2023 Quarter 3: Retained Earning on Assets 17.81 (%).Trend:Decrease 1.55% than previous quarter

Overall: decreasing (-2.57%). Fluctuation: **Little** (low variation).

Earning Per Share
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
Year 2023 Quarter 3: Earning Per Share -0.41 (USD).Trend:Increase 64.0% than previous quarter

Overall: decreasing (412.5%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 of 2023 show continued pressure on profitability and potential cash flow issues. Liabilities on revenue show a slight increase, while current assets on revenue continue to decrease, signaling potential difficulties in managing working capital. Cost efficiency, as measured by the ratio of retained earnings to revenue, continues to decline, which could indicate a need for cost optimization. The significant fluctuation in the SG&A expense ratio highlights potential cost management challenges. Investment efficiency (retained earnings on assets) continues its downward trend, and earnings per share remain negative, pointing to declining profitability.