Measure of Operating Performance	Year Relative to the IPO year
Measure of Operating Performance	−1 to 0	−1 to 1	−1 to 2	−1 to 3
Return on Asset	−1.62*	−1.89**	−3.05	−3.75
Return on Equity	−0.41**	−1.35***	−5.44***	−6.31***
Profit Margin	−0.45	−0.68	0.62	0.06
Sales Growth	0.77	12.37**	3.85	2.556
Asset Turnover	−12.71	−9.92	−18.67	−15.42
Capital Expenditure Growth	0.55	1.02	−0.15**	0.02*