Since it needs the light computational load and small database, sound source localization method using time delay of arrival(TDOA method) is applied at many research fields such as a robot auditory system, teleconferencing and so on. Researches for time delay estimation, which is the most important thing of TDOA method, had been studied broadly. However studies about factors for time delay estimation are insufficient, especially in case of real environment application. In 1997, Brandstein and Silverman announced that performance of time delay estimation deteriorates as reverberant time of room increases. Even though reverberant time of room is same, performance of estimation is different as the specific part of signals. In order to know that reason, we studied and analyzed the factors for time delay estimation using speech signal and room impulse response. In result, we can know that performance of time delay estimation is changed by different R/D ratio and signal characteristics in spite of same reverberant time. Also, we define the performance index(PI) to show a similar tendency to R/D ratio, and propose the method to improve the performance of time delay estimation with PI.