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 895400000000.0 (%).Trend:Increase 3.09% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 838500000000.0 (%).Trend:Decrease 6.35% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 780400000000.0 (%).Trend:Decrease 6.93% than previous quarter

Overall: decreasing (-12.84%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 821600000000.0 (%).Trend:Increase 4.53% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 799400000000.0 (%).Trend:Decrease 2.7% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 783800000000.0 (%).Trend:Decrease 1.95% than previous quarter

Overall: decreasing (-4.6%). Fluctuation: **Little** (low 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 83100000000.0 (%).Trend:Decrease 499.52% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 133600000000.0 (%).Trend:Increase 60.77% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 110400000000.0 (%).Trend:Decrease 17.37% than previous quarter

Overall: increasing (32.85%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 87000000000.0 (%).Trend:Decrease 74.03% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 175500000000.0 (%).Trend:Increase 101.72% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 333700000000.0 (%).Trend:Increase 90.14% than previous quarter

Overall: increasing (283.56%). Fluctuation: **Significant** (high variation).


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 0.91 (%).Trend:Decrease 495.65% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 1.47 (%).Trend:Increase 61.54% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 1.23 (%).Trend:Decrease 16.33% than previous quarter

Overall: increasing (35.16%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.68 (USD).Trend:Decrease 43.33% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.5 (USD).Trend:Increase 120.59% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.71 (USD).Trend:Increase 14.0% than previous quarter

Overall: increasing (151.47%). Fluctuation: **Significant** (high variation).



Financial analysis examines data from Q3 2022 to Q3 2023. Liabilities and current assets on revenue show slight decreases with little fluctuation. The ratio of retained earnings to revenue, SG&A ratio, investment efficiency and earnings per share reveal large overall increases with noticeable quarterly fluctuations.