The aim of the study is to explore the interaction effect of macroeconomics indicators, and working capital flows on financial performance in a developing economy. By using the static and dynamic approach of panel analysis, it has been shown that there is a relationship between the components of working capital and the gross profit and cash conversion duration. Second, while interest rates used as an interaction variable with the average payable days have adverse effects, firm performance would decrease if interest rates increase. The average payable duration extends; instead of primarily regressing, the average payable period positively correlates with firm performance. The conversion cycle of cash has a negative relationship, but it reverses its actions after using interest rate interaction. There is a negative relationship with gross profit in the simple regression exchange rate and cash conversion cycle while using the second interaction variable with the cash conversion cycle, has positive effects. In addition, the exchange rate gets higher to increase the cash conversion length, financial performance will be increased. In addition, the exchange rate gets higher to increase the cash conversion length, financial performance will be increased. This study receives new results, the exchange rate increases, companies that can pay early to payable will get higher firm performance while exchange rate and the interest rate have a significant role in changing the firm performance.

该研究的目的是探讨宏观经济指标之间的相互作用以及发展中经济体中营运资金流动对财务绩效的影响。通过使用面板分析的静态和动态方法，已经表明，营运资本的组成部分与毛利润和现金转换持续时间之间存在关系。其次，虽然利率用作与平均应付天数的交互变量，但会产生不利影响，但如果利率上升，企业绩效就会下降。平均应付期限延长；平均应付款期与其最初的绩效成正相关，而不是最初的回归。现金的转换周期具有负相关关系，但是在使用利率交互作用后，它会反转其操作。在简单回归汇率和现金转换周期中，毛利润与负相关，而在现金转换周期中使用第二个交互变量，则具有积极的影响。此外，汇率变高会增加现金转换的时间，财务业绩也会提高。此外，汇率变高会增加现金转换的时间，财务业绩也会提高。这项研究收到了新的结果，汇率上升了，可以提前付款的公司将获得更高的公司绩效，而汇率和利率在改变公司绩效方面起着重要作用。另外，汇率变高会增加现金转换的时间，财务业绩也会提高。此外，汇率变高会增加现金转换的时间，财务业绩也会提高。这项研究收到了新的结果，汇率上升了，可以提前付款的公司将获得更高的公司绩效，而汇率和利率在改变公司绩效方面起着重要作用。此外，汇率变高会增加现金转换的时间，财务业绩也会提高。此外，汇率变高会增加现金转换的时间，财务业绩也会提高。这项研究收到了新的结果，汇率上升了，可以提前付款的公司将获得更高的公司绩效，而汇率和利率在改变公司绩效方面起着重要作用。