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

Liabilities on Revenue
Year 2022 Quarter 2: Liabilities on Revenue 19426800000.0 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 17075700000.0 (%).Trend:Decrease 12.1% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 13840200000.0 (%).Trend:Decrease 18.95% than previous quarter

Overall: decreasing (-28.76%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 76729600000.0 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 74933100000.0 (%).Trend:Decrease 2.34% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 72229100000.0 (%).Trend:Decrease 3.61% than previous quarter

Overall: decreasing (-5.87%). Fluctuation: **Little** (low variation).


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

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 24389200000.0 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 26877400000.0 (%).Trend:Increase 10.2% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 31667100000.0 (%).Trend:Increase 17.82% than previous quarter

Overall: increasing (29.84%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6377700000.0 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9654100000.0 (%).Trend:Increase 51.37% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6698700000.0 (%).Trend:Decrease 30.61% than previous quarter

Overall: increasing (5.03%). Fluctuation: **Neutral** (moderate variation).


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

Retained Earning on Assets
Year 2022 Quarter 2: Retained Earning on Assets 19.68 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 22.44 (%).Trend:Increase 14.02% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 26.65 (%).Trend:Increase 18.76% than previous quarter

Overall: increasing (35.42%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Analysis of three quarters (Q2 2022-Q2 2023) reveals a substantial decrease in liabilities on revenue (-28.76%) and a smaller decrease in current assets on revenue (-5.87%).  Conversely, the ratio of retained earnings to revenue significantly increased (29.84%), suggesting improved profitability.  While the SG&A expense ratio also increased (5.03%), the fluctuation was moderate.  Retained earnings on assets saw a strong increase (35.42%).