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Do you consider a stock's sales trends when making investment decisions? We ran a screen with this idea in mind.

We screened the Wireless communications sphere for stocks with weak sales trends, comparing growth in revenue to growth in accounts receivable. Since accounts receivable is the portion of revenue not yet received, and there is no guarantee the money will ever be received, the smaller the portion of revenue made up of receivables, the healthier the company's revenue.

We screened for stocks seeing slower growth in revenue than accounts receivable year-over-year, as well as accounts receivable comprising a larger portion of current assets over the same time period.

For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.

Do you think these stocks are in hot water? Use this list as a starting point for your own analysis.

List sorted by change in revenue over the last year.

1. China Unicom (Hong Kong) Limited (CHU): Engages in the provision of GSM and WCDMA cellular, and related telecommunications services in the People's Republic of China. Market cap at $36.34B, most recent closing price at $15.42. Revenue grew by 16.44% during the most recent quarter ($63,502M vs. $54,538M y/y). Accounts receivable grew by 33.88% during the same time period ($16,706M vs. $12,478M y/y). Receivables, as a percentage of current assets, increased from 32.85% to 42.03% during the most recent quarter (comparing 3 months ending 2012-09-30 to 3 months ending 2011-09-30).

2. TIM Participacoes S.A. (TSU): Provides mobile telecommunications services through global system mobile (GSM) technology to business and individual customers in Brazil. Market cap at $4.45B, most recent closing price at $17.97. Revenue grew by 8.03% during the most recent quarter ($4,722.43M vs. $4,371.39M y/y). Accounts receivable grew by 17.73% during the same time period ($5,008.9M vs. $4,254.68M y/y). Receivables, as a percentage of current assets, increased from 60.17% to 64.13% during the most recent quarter (comparing 3 months ending 2012-09-30 to 3 months ending 2011-09-30).

3. Turkcell Iletisim Hizmetleri AS (TKC): Engages in establishing and operating a global system for mobile communications network in Turkey. Market cap at $12.99B, most recent closing price at $14.76. Revenue grew by 3.84% during the most recent quarter ($1,528.74M vs. $1,472.23M y/y). Accounts receivable grew by 32.83% during the same time period ($1,233.02M vs. $928.26M y/y). Receivables, as a percentage of current assets, increased from 20.43% to 23.88% during the most recent quarter (comparing 3 months ending 2012-09-30 to 3 months ending 2011-09-30).

4. Mobile Telesystems OJSC (MBT): Provides telecommunications services primarily in the Russian Federation, Ukraine, Uzbekistan, Turkmenistan, Armenia, and Belarus. Market cap at $16.63B, most recent closing price at $16.72. Revenue grew by -4.36% during the most recent quarter ($3,132.09M vs. $3,274.71M y/y). Accounts receivable grew by 26.12% during the same time period ($1,327.23M vs. $1,052.36M y/y). Receivables, as a percentage of current assets, increased from 30.23% to 41.79% during the most recent quarter (comparing 3 months ending 2012-09-30 to 3 months ending 2011-09-30).

5. NII Holdings Inc. (NIHD): Provides wireless communication services to businesses and individuals primarily in Mexico, Brazil, Argentina, Peru, and Chile. Market cap at $858.25M, most recent closing price at $5.0. Revenue grew by -14.95% during the most recent quarter ($1,491.9M vs. $1,754.21M y/y). Accounts receivable grew by -4.17% during the same time period ($800.03M vs. $834.87M y/y). Receivables, as a percentage of current assets, increased from 19.75% to 23.38% during the most recent quarter (comparing 3 months ending 2012-09-30 to 3 months ending 2011-09-30).

*Accounting data sourced from Google Finance, all other data sourced from Finviz.

Source: 5 Wireless Companies With Troubling Sales Trends