Pengaruh Cash Conversion Cycle, Current Ratio, dan Firm Size terhadap Return On Assets pada Perusahaan Sub Sektor Makanan dan Minuman
DOI:
https://doi.org/10.61132/jumaket.v3i3.1602Keywords:
Cash Conversion Cycle, Current Ratio, Firm Size, Food And Beverage, Return On AssetsAbstract
This study aims to analyze the effects of the Cash Conversion Cycle, Current Ratio, and Firm Size on Return on Assets in companies in the food and beverage subsector listed on the Indonesia Stock Exchange during the 2022–2025 period. This study employs a quantitative approach using an associative research design. The data used consists of secondary data sourced from companies’ annual financial reports, while the sample was selected using purposive sampling. Furthermore, the data were analyzed using panel data regression with the aid of EViews 12, which included model selection and hypothesis testing. The results indicate that the Cash Conversion Cycle has a negative and significant effect on Return on Assets, while the Current Ratio has a positive and significant effect on Return on Assets. Meanwhile, Firm Size does not show a significant effect on Return on Assets. Collectively, the Cash Conversion Cycle, Current Ratio, and Firm Size were found to have a significant effect on Return on Assets. These findings suggest that effective working capital and liquidity management can support improvements in a company’s profitability, while the size of a company’s assets is not yet a factor that significantly determines its profitability level.
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