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Do you consider a company's sales trends when evaluating their stock? One idea is to compare their trends in revenue to their trends in accounts receivable.

Receivables are the portion of revenue not yet received, and since there is no guarantee that the money will ever be received, the smaller the portion of revenue the better. To demonstrate this, we ran a screen on small-cap stocks with market caps just above $300 million for those trading between $1-$5.

We then screened for those with positive trends in revenue relative to accounts receivable: increases in revenue outpacing increases in accounts receivable year-over-year, as well as accounts receivable comprising a smaller portion of current assets over the same time period.

Interactive Chart: Press Play to compare changes in market cap over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.

Do you think these companies are seeing strong sales patterns? Use this list as a starting point for your own analysis.

1. AU Optronics Corp. (NYSE:AUO): Develops, produces, and sells thin film transistor liquid crystal displays (TFT-LCDs) and other flat panel displays to original equipment manufacturing service providers. Market cap at $4.16B, most recent closing price at $4.71. Revenue grew by 3.9% during the most recent quarter ($102,781M vs. $98,927M y/y). Accounts receivable grew by -18.98% during the same time period ($52,215M vs. $64,444M y/y). Receivables, as a percentage of current assets, decreased from 30.02% to 27.36% during the most recent quarter (comparing 3 months ending 2012-09-30 to 3 months ending 2011-09-30).

2. Gafisa S.A. (NYSE:GFA): Operates as a homebuilder in Brazil. Market cap at $997.79M, most recent closing price at $4.61. Revenue grew by 21.7% during the most recent quarter ($1,064.09M vs. $874.38M y/y). Accounts receivable grew by -12.79% during the same time period ($3,476.23M vs. $3,985.84M y/y). Receivables, as a percentage of current assets, decreased from 55.29% to 49.52% during the most recent quarter (comparing 3 months ending 2012-09-30 to 3 months ending 2011-09-30).

3. Power-One Inc. (NASDAQ:PWER): Designs, manufactures, and markets power conversion and power management solutions for the renewable energy (RE), communications infrastructure, and other technology markets. Market cap at $517.42M, most recent closing price at $4.26. Revenue grew by 15.76% during the most recent quarter ($283.65M vs. $245.03M y/y). Accounts receivable grew by 7.98% during the same time period ($256.83M vs. $237.84M y/y). Receivables, as a percentage of current assets, decreased from 39.81% to 34.42% during the most recent quarter (comparing 13 weeks ending 2012-09-30 to 13 weeks ending 2011-10-02).

4. Petrobras Argentina SA (NYSE:PZE): Operates in the oil industry worldwide. Market cap at $1.01B, most recent closing price at $4.99. Revenue grew by 13.03% during the most recent quarter ($2,975M vs. $2,632M y/y). Accounts receivable grew by -32.59% during the same time period ($1,849M vs. $2,743M y/y). Receivables, as a percentage of current assets, decreased from 46.49% to 38.23% during the most recent quarter (comparing 3 months ending 2012-06-30 to 3 months ending 2011-06-30).

5. SIRIUS XM Radio Inc. (NASDAQ:SIRI): Provides satellite radio services in the United States and Canada. Market cap at $15.41B, most recent closing price at $2.96. Revenue grew by 13.74% during the most recent quarter ($867.36M vs. $762.55M y/y). Accounts receivable grew by 7.86% during the same time period ($190.74M vs. $176.84M y/y). Receivables, as a percentage of current assets, decreased from 17.12% to 10.24% 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 Small-Cap Stocks Under $5 With Encouraging Sales Trends