<![CDATA[This study aims to analyze the effect of working capital and activity ratios on profitability at PT Indofood Sukses Makmur Tbk over the 2015–2024 period. A quantitative approach was employed using secondary data obtained from the company's annual financial statements published through the Indonesia Stock Exchange. Working capital was measured using the Working Capital Turnover (WCT) ratio, activity was measured using the Inventory Turnover (ITO) ratio, and profitability was measured using Return on Assets (ROA). Data were analyzed using classical assumption tests and multiple linear regression with the assistance of SPSS version 30. The results indicate that WCT has no significant partial effect on ROA, whereas ITO has a negative and significant effect on ROA. Simultaneously, WCT and ITO have a significant effect on profitability. These findings suggest that working capital turnover does not necessarily contribute directly to increased profitability, while inventory management must balance operational efficiency, raw material availability, and production continuity. Therefore, the company needs to integrate working capital and inventory management to support sustainable profitability improvement. ]]>
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