Working Capital Efficiency
The data from Quater 1 in 2023 to Quater 3 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2023 Quarter 1: Liabilities on Revenue 2273000000000.0 (%).Trend:Decrease 0.9% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 1878800000000.0 (%).Trend:Decrease 17.34% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 1810500000000.0 (%).Trend:Decrease 3.64% than previous quarter

Overall: decreasing (-20.35%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 3432500000000.0 (%).Trend:Decrease 0.71% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 3068600000000.0 (%).Trend:Decrease 10.6% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 3052200000000.0 (%).Trend:Decrease 0.53% than previous quarter

Overall: decreasing (-11.08%). Fluctuation: **Little** (low variation).


Cost Efficiency
The data from Quater 1 in 2023 to Quater 3 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 2421700000000.0 (%).Trend:Increase 4.84% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 2424400000000.0 (%).Trend:Increase 0.11% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 2469900000000.0 (%).Trend:Increase 1.88% than previous quarter

Overall: increasing (1.99%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 88100000000.0 (%).Trend:Decrease 64.2% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 172200000000.0 (%).Trend:Increase 95.46% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 253700000000.0 (%).Trend:Increase 47.33% than previous quarter

Overall: increasing (187.97%). Fluctuation: **Significant** (high variation).


Invest Efficiency
The data from Quater 1 in 2023 to Quater 3 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2023 Quarter 1: Retained Earning on Assets 41.18 (%).Trend:Increase 3.94% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 43.68 (%).Trend:Increase 6.07% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 44.83 (%).Trend:Increase 2.63% than previous quarter

Overall: increasing (8.86%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.0 (USD).Trend:Decrease 60.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.0 (USD).Trend:Increase 50.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 5.0 (USD).Trend:Increase 66.67% than previous quarter

Overall: increasing (150.0%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1 2023 to Q3 2023 shows a decrease in liabilities on revenue (-20.35%) and current assets on revenue (-11.08%).  The ratio of retained earnings to revenue is increasing (1.99%), with low fluctuation.  Selling, general, and administrative (SG&A) expense ratio is significantly increasing (187.97%). Investment efficiency, measured by retained earnings on assets, is also increasing (8.86%), exhibiting a low fluctuation. Earnings per share increased significantly (150%) in the period, with considerable quarter-to-quarter variation.