According to the result, the performance of PT X which evaluated by Return on

Investment shows that the performance in 2009 is better than performance in 2010 and

2011 while performance of PT X in 2011 is worse than performance in 2009 and 2010.

By using Residual Income, it shows that the performance of PT X in 2011 is good

whereas the performance of PT X in 2009 and 2010 is bad. Different from Return on

Investment and Residual Income, the Economic Value Added calculation shows that all

financial performance of PT X within three years is good.

According to the result, the researcher has several recommendations for the company

such as the managers should evaluate the company’s performance in dollar amount

rather than the percentage and the managers must consider the performance of company

in the long-run rather than short-run performance. Thus, the researcher recommends

9and company’s development.

PT X is a limited liability Company which established in Cikarang on May 29,

2008. The company was founded by the businessman who came from Korea and he as a

founder of PT X has more than 90% of company’s shares. The company is domiciled in

Cikarang and its factory is located in Cibitung. The company’s office is located at

Jababeka Industrial Area II, Jl. Industri Selatan 8 Block EE 6M, Cikarang whereas the

company’s factory is located at MM 2100 Industrial Area Block G, Cibitung.

PT X is a part of Merchandise Company which buys the goods and then resells

it to the customers. The main activity of company is distributing the electronic

component which is devices or tools that is used to affect electrons and the device is

often used as an important part of electronic products. The company’s customers are

companies whose produce the electronic products such as television, DVD, refrigerator

and other electronic products. Nowadays, the company has employed 190 employees

who assigned in two different places which are factory and office, for assisting

company in running the business.