<![CDATA[This study goals to examine the implications of the Current Ratio (CR), Total Asset Turnover (TATO), and Debt-to-Equity Ratio (DER) on the sustainability of Return on Assets (ROA) for companies listed on the Indonesia Stock Exchange from 2022 to 2024. The study sample was selected using purposive sampling, resulting in a sample of 18 manufacturing companies with a total of 39 observations after outlier removal. The data used consisted of secondary data, specifically financial report data obtained from the IDX. A quantitative method was employed using multiple linear regression. Data processing was conducted using Microsoft Excel and IBM SPSS Statistics version 29. The study’s findings indicate that CR and TATO do not have a significant effect on ROA, whereas DER has a significant negative effect on ROA. Collectively, all three CR, TATO, and DER exert a significant effect on ROA. Based on these findings, it is concluded that capital structure factors play a more dominant role than liquidity and asset utilization efficiency in determining a company’s profitability.]]>
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