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 25330000000.0 (%).Trend:Decrease 23.27% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 19990000000.0 (%).Trend:Decrease 21.08% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 18710000000.0 (%).Trend:Decrease 6.4% than previous quarter

Overall: decreasing (-26.14%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 65060000000.0 (%).Trend:Increase 3.43% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 71530000000.0 (%).Trend:Increase 9.94% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 75470000000.0 (%).Trend:Increase 5.51% than previous quarter

Overall: increasing (16.0%). 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 101140000000.0 (%).Trend:Increase 2.47% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 116150000000.0 (%).Trend:Increase 14.84% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 113680000000.0 (%).Trend:Decrease 2.13% than previous quarter

Overall: increasing (12.4%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20510000000.0 (%).Trend:Increase 23.85% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7150000000.0 (%).Trend:Decrease 65.14% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14470000000.0 (%).Trend:Increase 102.38% than previous quarter

Overall: decreasing (-29.45%). 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 37.53 (%).Trend:Increase 7.01% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 43.48 (%).Trend:Increase 15.85% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 43.17 (%).Trend:Decrease 0.71% than previous quarter

Overall: increasing (15.03%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 3.76 (USD).Trend:Increase 58.65% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.8 (USD).Trend:Decrease 52.13% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.9 (USD).Trend:Decrease 50.0% than previous quarter

Overall: decreasing (-76.06%). Fluctuation: **Significant** (high variation).



Financial analysis of Q3 2022 to Q2 2023 reveals a mixed picture. Liabilities on revenue, cost efficiency, and investment efficiency saw overall decreases, while current assets and the ratio of retained earnings to revenue saw increases.  The significant fluctuations, particularly in SG&A expense ratio and earnings per share, require further investigation for potential outliers.