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 12888300000.0 (%).Trend:Increase 7.62% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 12767400000.0 (%).Trend:Decrease 0.94% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 12505000000.0 (%).Trend:Decrease 2.06% than previous quarter

Overall: decreasing (-2.97%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 12208700000.0 (%).Trend:Decrease 4.14% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 13634500000.0 (%).Trend:Increase 11.68% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 13085000000.0 (%).Trend:Decrease 4.03% than previous quarter

Overall: increasing (7.18%). Fluctuation: **Little** (low 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 7644300000.0 (%).Trend:Increase 10.34% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 8668800000.0 (%).Trend:Increase 13.4% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 8842700000.0 (%).Trend:Increase 2.01% than previous quarter

Overall: increasing (15.68%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12004200000.0 (%).Trend:Increase 55.08% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 4401200000.0 (%).Trend:Decrease 63.34% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8635000000.0 (%).Trend:Increase 96.2% than previous quarter

Overall: decreasing (-28.07%). 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 33.47 (%).Trend:Increase 12.77% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 36.51 (%).Trend:Increase 9.08% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 37.78 (%).Trend:Increase 3.48% than previous quarter

Overall: increasing (12.88%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.9 (USD).Trend:Increase 0% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.34 (USD).Trend:Decrease 62.22% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.46 (USD).Trend:Increase 35.29% than previous quarter

Overall: decreasing (-48.89%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q2 2023 reveals a mixed performance.  Working capital efficiency suggests a minor decline in liabilities and a slight rise in current assets. Cost efficiency shows a notable decrease in the SG&A expense ratio, experiencing significant fluctuation, contrasted by the consistent increase in the retained earnings-to-revenue ratio. Investment efficiency displays a steady increase in retained earnings on assets. Earnings per share, however, show a substantial decrease and significant volatility.