Pengaruh Cash Turnover, Inventory Turnover, Receivable Turnover Dan Total Asset Turnover Terhadap Profitabilitas Pada Perusahaan Subsektor Food and Beverage Yang Terdaftar Di Bursa Efek Indonesia Periode 2018-2025

This study aims to analyze the effect of Cash Turnover, Inventory Turnover, Receivable Turnover, and Total Asset Turnover on Return on Assets (ROA) for food and beverage sub-sector companies listed on the Indonesia Stock Exchange during the 2018–2025 period. A quantitative approach using panel data regression analysis was employed, and the sample was selected via purposive sampling based on the companies' annual financial reports. The results indicate that, individually, Cash Turnover has a significant effect on ROA (t-statistic 3.228025 > t-table 2.030; significance 0.0029 < 0.05). Inventory Turnover does not have a significant effect on ROA (t-statistic -0.018867 < t-table 2.030; significance 0.9851 > 0.05). Receivable Turnover has a significant effect on ROA (t-statistic -2.994396 < t-table 2.030; significance 0.0054 > 0.05). Total Asset Turnover has a significant effect on ROA (t-statistic 3.301297 > t-table 2.030; significance 0.0024 < 0.05). Simultaneously, Cash Turnover, Inventory Turnover, Receivable Turnover, and Total Asset Turnover have a significant effect on ROA (probability value 0.00000). Meanwhile, the coefficient of determination (Adjusted R-squared) of 0.878613 indicates that the independent variables explain 86.87% of the variation in ROA, while the remaining 13.13% is explained by factors outside the scope of this study.