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Do you consider sales trends when evaluating a company's stock? One idea is to compare trends in revenue to trends in accounts receivable. To demonstrate this, we ran a screen on small-cap stocks with market caps just above $300 million, and trading between $1 and $5 a share, considering many investors prefer to invest in the low price range.

We then screened for those with negative trends in revenue relative to accounts receivable, with slower growth in revenue year-over-year than growth in accounts receivable, as well as receivables comprising a larger portion of current assets. Receivables represent the portion of revenue not yet collected, so the smaller the portion of revenue and current assets, the better.

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

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

1. Education Management Corporation (EDMC): Provides post-secondary education in North America. Market cap at $561.5M, most recent closing price at $4.51. Revenue grew by -10.63% during the most recent quarter ($609.56M vs. $682.1M y/y). Accounts receivable grew by 11.61% during the same time period ($260.7M vs. $233.58M y/y). Receivables, as a percentage of current assets, increased from 25.01% to 28.36% during the most recent quarter (comparing 3 months ending 2012-09-30 to 3 months ending 2011-09-30).

2. Orbitz Worldwide, Inc. (OWW): Operates as an online travel company worldwide. Market cap at $342.46M, most recent closing price at $3.26. Revenue grew by -2.28% during the most recent quarter ($198.3M vs. $202.92M y/y). Accounts receivable grew by 24.76% during the same time period ($97.19M vs. $77.9M y/y). Receivables, as a percentage of current assets, increased from 31.88% to 36.54% during the most recent quarter (comparing 3 months ending 2012-09-30 to 3 months ending 2011-09-30).

3. Semiconductor Manufacturing International Corp. (SMI): An investment holding company, engages in the computer-aided design, manufacture, packaging, testing, and trade of integrated circuits. Market cap at $1.73B, most recent closing price at $2.71. Revenue grew by 50.27% during the most recent quarter ($461.17M vs. $306.89M y/y). Accounts receivable grew by 74.26% during the same time period ($289.12M vs. $165.91M y/y). Receivables, as a percentage of current assets, increased from 14.66% to 25.51% during the most recent quarter (comparing 3 months ending 2012-09-30 to 3 months ending 2011-09-30).

4. TransAtlantic Petroleum Ltd. (TAT): Engages in the acquisition, development, exploration, and production of crude oil and natural gas. Market cap at $368.69M, most recent closing price at $1.0. Revenue grew by 2.84% during the most recent quarter ($32.95M vs. $32.04M y/y). Accounts receivable grew by 15.93% during the same time period ($56.11M vs. $48.4M y/y). Receivables, as a percentage of current assets, increased from 22.15% to 60.41% during the most recent quarter (comparing 3 months ending 2012-09-30 to 3 months ending 2011-09-30).

5. Velti Plc (VELT): Provides mobile marketing and advertising solutions for mobile operators, ad agencies, brands, and media groups. Market cap at $328.98M, most recent closing price at $5.08. Revenue grew by 63.37% during the most recent quarter ($62.39M vs. $38.19M y/y). Accounts receivable grew by 75.05% during the same time period ($221.8M vs. $126.71M y/y). Receivables, as a percentage of current assets, increased from 44.17% to 77.04% during the most recent quarter (comparing 3 months ending 2012-09-30 to 3 months ending 2011-09-30).

6. Vonage Holdings Corporation (VG): Provides voice and messaging services over broadband networks to residential, small office, and home office customers primarily in the United States, Canada, and the United Kingdom. Market cap at $554.33M, most recent closing price at $2.51. Revenue grew by -4.12% during the most recent quarter ($207.58M vs. $216.51M y/y). Accounts receivable grew by 65.69% during the same time period ($29.41M vs. $17.75M y/y). Receivables, as a percentage of current assets, increased from 17.11% to 19.93% during the most recent quarter (comparing 3 months ending 2012-09-30 to 3 months ending 2011-09-30).

7. Yingli Green Energy Holding Co. Ltd. (YGE): Engages in the design, development, manufacture, marketing, sale, and installation of photovoltaic (PV) products in the People's Republic of China and internationally. Market cap at $444.69M, most recent closing price at $2.84. Revenue grew by -47.47% during the most recent quarter ($2,236.99M vs. $4,258.58M y/y). Accounts receivable grew by -3.66% during the same time period ($3,220.48M vs. $3,342.82M y/y). Receivables, as a percentage of current assets, increased from 24.15% to 26.83% during the most recent quarter (comparing 3 months ending 2012-09-30 to 3 months ending 2011-09-30).

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

Source: 7 Stocks Under $5 With Troubled Sales Trends