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 106830000000.0 (%).Trend:Decrease 7.8% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 104960000000.0 (%).Trend:Decrease 1.75% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 99450000000.0 (%).Trend:Decrease 5.25% than previous quarter

Overall: decreasing (-6.91%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 205020000000.0 (%).Trend:Increase 13.11% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 200390000000.0 (%).Trend:Decrease 2.26% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 205490000000.0 (%).Trend:Increase 2.55% than previous quarter

Overall: increasing (0.23%). 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 276330000000.0 (%).Trend:Increase 18.18% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 278110000000.0 (%).Trend:Increase 0.64% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 295040000000.0 (%).Trend:Increase 6.09% than previous quarter

Overall: increasing (6.77%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 40300000000.0 (%).Trend:Decrease 69.97% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 81160000000.0 (%).Trend:Increase 101.39% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 120330000000.0 (%).Trend:Increase 48.26% than previous quarter

Overall: increasing (198.59%). 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 33.77 (%).Trend:Increase 12.91% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 34.06 (%).Trend:Increase 0.86% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 35.74 (%).Trend:Increase 4.93% than previous quarter

Overall: increasing (5.83%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 8.0 (USD).Trend:Decrease 71.43% than previous quarter
Year 2023 Quarter 2: Earning Per Share 17.0 (USD).Trend:Increase 112.5% than previous quarter
Year 2023 Quarter 3: Earning Per Share 26.0 (USD).Trend:Increase 52.94% than previous quarter

Overall: increasing (225.0%). Fluctuation: **Significant** (high variation).



Financial performance in Q1 to Q3 2023 displays positive trends in working capital management (decreasing liabilities on revenue) and cost efficiency (steady increase in the ratio of retained earnings to revenue).  Current assets on revenue showed minor fluctuations. However, significant fluctuations were seen in SG&A expense ratio and earnings per share, which increased substantially after a significant drop in Q1.  Positive trends were observed in investment efficiency (retained earnings on assets), which also increased steadily over the three quarters.