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 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
Year 2023 Quarter 3: Liabilities on Revenue 12840600000.0 (%).Trend:Increase 2.68% than previous quarter

Overall: increasing (0.57%). Fluctuation: **Little** (low variation).

Current assets on Revenue
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
Year 2023 Quarter 3: Current assets on Revenue 11673000000.0 (%).Trend:Decrease 10.79% than previous quarter

Overall: decreasing (-14.39%). 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 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
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 9299000000.0 (%).Trend:Increase 5.16% than previous quarter

Overall: increasing (7.27%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
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
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13199100000.0 (%).Trend:Increase 52.86% than previous quarter

Overall: increasing (199.9%). 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 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
Year 2023 Quarter 3: Retained Earning on Assets 42.71 (%).Trend:Increase 13.05% than previous quarter

Overall: increasing (16.98%). Fluctuation: **Little** (low variation).

Earning Per Share
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
Year 2023 Quarter 3: Earning Per Share 0.79 (USD).Trend:Increase 71.74% than previous quarter

Overall: increasing (132.35%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 2023 to Q3 2023 reveals a mixed picture. Liabilities to revenue are slightly increasing, while current assets are decreasing. Cost efficiency indicates a highly variable SG&A expense ratio, overall increasing significantly. The retained earnings-to-revenue ratio displays consistent increases. Investment efficiency maintains a steady upward trend in retained earnings on assets.  Earnings per share demonstrate a substantial increase, though with significant fluctuations.