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 31496000000.0 (%).Trend:Decrease 10.18% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 30014300000.0 (%).Trend:Decrease 4.7% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 30795400000.0 (%).Trend:Increase 2.6% than previous quarter

Overall: decreasing (-2.22%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 39516800000.0 (%).Trend:Decrease 0.8% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 41115500000.0 (%).Trend:Increase 4.05% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 41373100000.0 (%).Trend:Increase 0.63% than previous quarter

Overall: increasing (4.7%). 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 59833900000.0 (%).Trend:Increase 11.2% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 62688500000.0 (%).Trend:Increase 4.77% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 61455700000.0 (%).Trend:Decrease 1.97% than previous quarter

Overall: increasing (2.71%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2511400000.0 (%).Trend:Decrease 61.43% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4912600000.0 (%).Trend:Increase 95.61% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7071100000.0 (%).Trend:Increase 43.94% than previous quarter

Overall: increasing (181.56%). 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 41.3 (%).Trend:Increase 11.71% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 42.73 (%).Trend:Increase 3.46% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 41.62 (%).Trend:Decrease 2.6% than previous quarter

Overall: increasing (0.77%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.27 (USD).Trend:Decrease 74.19% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.46 (USD).Trend:Increase 93.7% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.18 (USD).Trend:Decrease 11.38% than previous quarter

Overall: increasing (71.65%). Fluctuation: **Significant** (high variation).



Analysis of Q1-Q3 2023 financial data indicates a moderately positive but complex financial scenario. Liabilities on revenue and current assets on revenue show steady, but differing trends, with liabilities declining slightly and current assets increasing slightly. The ratio of retained earnings to revenue is also generally increasing, but with minimal fluctuations. However, the SG&A expense ratio exhibits a significant increase with high volatility.  Investment efficiency (retained earnings on assets) is also showing a slight positive trend, while earnings per share display significant fluctuation.