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

Liabilities on Revenue
Year 2022 Quarter 3: Liabilities on Revenue 466275400000.0 (%).Trend:Decrease 7.36% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 569953600000.0 (%).Trend:Increase 22.24% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 581823500000.0 (%).Trend:Increase 2.08% than previous quarter

Overall: increasing (24.78%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 215738400000.0 (%).Trend:Decrease 31.11% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 164467000000.0 (%).Trend:Decrease 23.77% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 184857900000.0 (%).Trend:Increase 12.4% than previous quarter

Overall: decreasing (-14.31%). Fluctuation: **Neutral** (moderate variation).


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

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -658383500000.0 (%).Trend:Increase 4.7% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -722563600000.0 (%).Trend:Increase 9.75% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -713952000000.0 (%).Trend:Decrease 1.19% than previous quarter

Overall: decreasing (8.44%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 100057800000.0 (%).Trend:Increase 60.02% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 33601300000.0 (%).Trend:Decrease 66.42% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 68823500000.0 (%).Trend:Increase 104.82% than previous quarter

Overall: decreasing (-31.22%). Fluctuation: **Significant** (high variation).


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

Retained Earning on Assets
Year 2022 Quarter 3: Retained Earning on Assets -34.74 (%).Trend:Increase 5.59% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -39.38 (%).Trend:Increase 13.36% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -38.29 (%).Trend:Decrease 2.77% than previous quarter

Overall: decreasing (10.22%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -4.26 (USD).Trend:Increase 19.33% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.38 (USD).Trend:Decrease 91.08% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.17 (USD).Trend:Decrease 55.26% than previous quarter

Overall: increasing (-96.01%). Fluctuation: **Significant** (high variation).



The analysis reviews Q3 2022 to Q2 2023 financial data.  Liabilities on revenue increased overall (24.78%), while current assets on revenue decreased (-14.31%).  The ratio of retained earnings to revenue decreased (8.44%), and SG&A expense ratio also decreased (-31.22%). Retained earnings on assets decreased (10.22%), while earnings per share increased (-96.01%), both with significant fluctuations.