| Abbreviation | Variable | Measurement | Expected sign |
| ROA | Return on Assets (Dependent Variable) | This is measured as Net profit/total assets |
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| ARP | Account Receivables Period (Independent Variable) | This is measured by Average debtors X 365 Sales | +/− |
| ICP | Inventory Conversion Period (Independent Variable) | This is measured by Average inventory X 365 Cost of Sales | +/− |
| CR | Current Ratio (Control Variable) | This was measured by company’s current assets by its current liabilities. | +/− |
| SG | Sales Growth (Control Variable) | This is express as the change in current sales minus previous sales | +/− |
| CS | Cash to Sales (Control Variable) | This measures by company’s cash over sales | +/− |