West Science Accounting and Finance
Vol. 3 No. 03 (2025): West Science Accounting and Finance

The Effect of Current Ratio, Total Asset Turnover, and Debt Asset Ratio on Return on Assets of Indonesian Food and Beverages Industry in 2019 - 2023

Suryaningsih, Adhila (Unknown)
Rizwana, Zahra Ardya (Unknown)
Nareswari, Anindya Najmina (Unknown)

Article Info

Publish Date
15 Dec 2025

Abstract

This study examines the effect of the Current Ratio (CR), Total Asset Turnover (TATO), and Debt to Asset Ratio (DAR) on Return on Assets (ROA) in the food and beverage subsector companies listed on the Indonesia Stock Exchange during 2019-2023. The study uses panel data from 15 companies. The Fixed Effect Model (FEM) regression analysis shows that, simultaneously, all three variables significantly affect ROA. However, only TATO and DAR have a significant partial effect, while CR does not. These findings highlight the importance of asset efficiency and capital structure management in improving company profitability.

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Journal Info
West Science Accounting and Finance
Website

Abbrev

wsaf

Publisher

Westscience Press

Subject

Economics, Econometrics & Finance

Description

Journal of Accounting & Finance is a scientific publication published by Westscience Press, which aims to be a creative forum for academics, professionals, researchers, and students in the fields of Accounting and Finance including the fields of Auditing, Accounting Information Systems, Corporate ...