<![CDATA[This study examines the effects of the Current Ratio (CR), Debt to Equity Ratio (DER), and Total Asset Turnover (TATO) on Return on Assets (ROA) in food and beverage sub-sector companies listed on the Indonesia Stock Exchange during 2022–2025. This study employed an associative quantitative approach using secondary data obtained from the companies’ annual financial reports. Purposive sampling resulted in 10 companies, yielding 40 observations over the four-year period. The study first conducted classical assumption tests, followed by multiple linear regression analysis using the Statistical Package for the Social Sciences (SPSS), with hypothesis testing conducted through t-test, F-test, and coefficient of determination. The results show that CR has no significant effect on ROA. DER has a negative and significant effect, while TATO has a positive and significant effect on ROA. Simultaneously, CR, DER, and TATO have a significant effect on ROA and explain 51.2% of its variation. These findings indicate that how food and beverage companies manage their capital structure and utilize their assets efficiently contributes to their ability to generate profits.]]>
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