<![CDATA[This study aims to analyze the effect of cash turnover, accounts receivable turnover, and the debt-to-equity ratio on profitability in food and beverage sub-sector companies listed on the Indonesia Stock Exchange (IDX) during the 2019–2023 period. Profitability is measured using Return on Assets (ROA) as an indicator of a company's ability to generate profits from its total assets. This research employs a quantitative approach using secondary data obtained from the annual financial statements of the companies. The sample consists of 16 companies selected through a purposive sampling technique based on predetermined criteria. Multiple linear regression analysis is employed to examine the partial and simultaneous effects of the independent variables on profitability. The findings reveal that, partially, cash turnover (p = 0.024) and the debt-to-equity ratio (p = 0.003) have a statistically significant effect on Return on Assets (ROA). In contrast, accounts receivable turnover does not have a statistically significant effect on profitability (p = 0.086 > 0.05). However, the simultaneous test indicates that cash turnover, accounts receivable turnover, and the debt-to-equity ratio collectively have a significant effect on corporate profitability (p = 0.000 < 0.05). These findings suggest that the combined management of working capital and capital structure plays a crucial role in improving a company's ability to generate profits and may serve as a valuable consideration for management in formulating more effective and efficient financial strategies.]]>
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