Working Capital Efficiency
The data from Quater 3 in 2022 to Quater 1 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 3: Liabilities on Revenue 21219300000.0 (%).Trend:Increase 15.31% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 15892300000.0 (%).Trend:Decrease 25.1% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 16900000000.0 (%).Trend:Increase 6.34% than previous quarter

Overall: decreasing (-20.36%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 34253600000.0 (%).Trend:Increase 20.29% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 24907000000.0 (%).Trend:Decrease 27.29% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 25344600000.0 (%).Trend:Increase 1.76% than previous quarter

Overall: decreasing (-26.01%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 3 in 2022 to Quater 1 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 8873300000.0 (%).Trend:Increase 19.27% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 11826700000.0 (%).Trend:Increase 33.28% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 11343100000.0 (%).Trend:Decrease 4.09% than previous quarter

Overall: increasing (27.83%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 2545400000.0 (%).Trend:Increase 68.09% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1740700000.0 (%).Trend:Decrease 31.61% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 877000000.0 (%).Trend:Decrease 49.62% than previous quarter

Overall: decreasing (-65.55%). Fluctuation: **Significant** (high variation).


Invest Efficiency
The data from Quater 3 in 2022 to Quater 1 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 3: Retained Earning on Assets 15.99 (%).Trend:Increase 5.47% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 25.17 (%).Trend:Increase 57.41% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 24.85 (%).Trend:Decrease 1.27% than previous quarter

Overall: increasing (55.41%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


From Q3 2022 to Q1 2023, the company experienced a decrease in both liabilities (-20.36%) and current assets (-26.01%) on revenue, with moderate/neutral fluctuation. Cost efficiency improved with a 27.83% increase in the retained earnings to revenue ratio (neutral fluctuation) and a substantial 65.55% decrease in SG&A expenses (significant fluctuation). Investment efficiency showed a 55.41% increase in retained earnings on assets (neutral fluctuation). This suggests a strategic shift towards profitability and cost management, despite a reduction in working capital.