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

Liabilities on Revenue
Year 2022 Quarter 3: Liabilities on Revenue 7160600000.0 (%).Trend:Decrease 3.24% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 10291600000.0 (%).Trend:Increase 43.73% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 10028100000.0 (%).Trend:Decrease 2.56% than previous quarter

Overall: increasing (40.05%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 7233500000.0 (%).Trend:Decrease 1.76% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 7628700000.0 (%).Trend:Increase 5.46% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 9790100000.0 (%).Trend:Increase 28.33% than previous quarter

Overall: increasing (35.34%). Fluctuation: **Neutral** (moderate variation).


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

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -9324900000.0 (%).Trend:Decrease 13.45% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -7976200000.0 (%).Trend:Decrease 14.46% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -6383800000.0 (%).Trend:Decrease 19.96% than previous quarter

Overall: increasing (-31.54%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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

Retained Earning on Assets
Year 2022 Quarter 3: Retained Earning on Assets -11.31 (%).Trend:Decrease 14.06% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -9.04 (%).Trend:Decrease 20.07% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -6.98 (%).Trend:Decrease 22.79% than previous quarter

Overall: increasing (-38.28%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.36 (USD).Trend:Increase 227.27% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.11 (USD).Trend:Decrease 69.44% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.38 (USD).Trend:Increase 245.45% than previous quarter

Overall: increasing (5.56%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2022 to Q3 2023 indicate a mixed financial performance. Liabilities and current assets on revenue show increasing trends with neutral variations. Cost efficiency (ratio of retained earnings to revenue, retained earnings on assets) displays significant downward trends with increasing fluctuations over the reporting period. Earnings per share demonstrate volatility, increasing significantly in Q3 2022, then declining in Q1 2023, and then increasing again in Q3 2023.  The data suggest instability in cost and investment efficiency, with considerable fluctuations in earnings per share, requiring further analysis to identify underlying reasons.