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If you want to analyze a company’s sales trends, one idea is to consider their growth in inventory over time. Comparing this to growth in revenue could show some interesting results.

We ran a screen on the tech sector for stocks with troubling trends in inventory: growth in quarterly revenue slower than growth in quarterly inventory year-over-year. We also screened for companies with quarterly inventory increasing as a percent of current assets.

When revenue is growing slower than inventory, it may indicate that the company is having trouble selling its inventory – although this might just indicate inventory building or a change in sales policies.

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

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. (To access a complete analysis of this list's recent performance, click here.)

Do you think these companies are falling behind? Use this list as a starting point for your own analysis.

List sorted by difference between growth in revenue and inventory.

1. OCZ Technology Group, Inc. (NASDAQ:OCZ): Designs, develops, manufactures, and distributes computer components for computing devices and systems worldwide. Market cap of $391.75M. MRQ revenue has increased 106.18% ($78.45M vs. $38.05M y/y) while MRQ inventory has increased 283.37% ($59M vs. $15.39M y/y). Inventory/current assets has increased from 31.41% to 37.96%, comparing 3 months ending 2011-08-31 to 3 months ending 2010-08-31. The stock is a short squeeze candidate, with a short float at 39.21% (equivalent to 12.2 days of average volume). The stock has performed poorly over the last month, losing 10.73%.

2. First Solar, Inc. (NASDAQ:FSLR): Manufactures and sells solar modules using a thin-film semiconductor technology. Market cap of $3.98B. MRQ revenue has increased 26.05% ($1,005.79M vs. $797.9M y/y) while MRQ inventory has increased 158.77% ($476.17M vs. $184.01M y/y). Inventory/current assets has increased from 11.39% to 19.59%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-25. The stock is a short squeeze candidate, with a short float at 37.09% (equivalent to 5.54 days of average volume). The stock has had a couple of great days, gaining 5.25% over the last week.

3. Research In Motion Limited (RIMM): Designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. Market cap of $8.93B. MRQ revenue has decreased 9.81% ($4,168M vs. $4,621.34M y/y) while MRQ inventory has increased 112.62% ($1,372M vs. $645.27M y/y). Inventory/current assets has increased from 10.79% to 18.74%, comparing 13 weeks ending 2011-08-27 to 13 weeks ending 2010-08-28. The stock has performed poorly over the last month, losing 10.23%.

4. ION Geophysical Corporation (NYSE:IO): Provides geophysical technology, services, and solutions for the oil and gas industry worldwide. Market cap of $1.04B. MRQ revenue has decreased 4.89% ($115.65M vs. $121.59M y/y) while MRQ inventory has increased 82.28% ($94.24M vs. $51.7M y/y). Inventory/current assets has increased from 23.82% to 30.22%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30. The stock has had a couple of great days, gaining 21.16% over the last week.

5. Calix Inc. (NYSE:CALX): Communication Equipment Industry. Market cap of $359.01M. MRQ revenue has increased 10.82% ($83.66M vs. $75.49M y/y) while MRQ inventory has increased 77.17% ($44.15M vs. $24.92M y/y). Inventory/current assets has increased from 13.81% to 31.36%, comparing 13 weeks ending 2011-09-24 to 13 weeks ending 2010-09-25. The stock is a short squeeze candidate, with a short float at 7.11% (equivalent to 5.67 days of average volume). The stock has performed poorly over the last month, losing 19.08%.

6. Integrated Device Technology, Inc. (NASDAQ:IDTI): Designs, develops, manufactures, and markets a range of integrated circuits for communications, computing, and consumer industries worldwide. Market cap of $860.82M. MRQ revenue has decreased 13.32% ($138.32M vs. $159.57M y/y) while MRQ inventory has increased 50.44% ($79.81M vs. $53.05M y/y). Inventory/current assets has increased from 10.89% to 16.01%, comparing 13 weeks ending 2011-10-02 to 13 weeks ending 2010-09-26. The stock has had a couple of great days, gaining 13.48% over the last week.

7. TriQuint Semiconductor, Inc. (NASDAQ:TQNT): Supplies modules, components, and foundry services to communications companies worldwide. Market cap of $801.23M. MRQ revenue has decreased 8.86% ($215.99M vs. $237M y/y) while MRQ inventory has increased 54.17% ($159.33M vs. $103.35M y/y). Inventory/current assets has increased from 20.36% to 30.67%, comparing 3 months ending 2011-10-01 to 3 months ending 2010-10-02. This is a risky stock that is significantly more volatile than the overall market (beta = 2.03). The stock has had a couple of great days, gaining 16.14% over the last week.

8. Atmel Corporation (NASDAQ:ATML): Designs, develops, manufactures, and markets a range of semiconductor integrated circuit products. Market cap of $4.25B. MRQ revenue has increased 7.89% ($479.38M vs. $444.34M y/y) while MRQ inventory has increased 67.23% ($379.8M vs. $227.11M y/y). Inventory/current assets has increased from 18.81% to 31.17%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30. The stock has had a couple of great days, gaining 6% over the last week. The stock has performed poorly over the last month, losing 12.89%.

9. ON Semiconductor Corp. (NASDAQ:ONNN): Designs, manufactures, and markets a portfolio of semiconductor components that addresses the design needs of electronic systems and products worldwide. Market cap of $3.69B. MRQ revenue has increased 49.49% ($898M vs. $600.7M y/y) while MRQ inventory has increased 101.43% ($706.6M vs. $350.8M y/y). Inventory/current assets has increased from 27.07% to 32.29%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-10-01. The stock has had a couple of great days, gaining 17.31% over the last week.

10. Advanced Energy Industries, Inc. (NASDAQ:AEIS): Designs, manufactures, sells, and supports industrial power conversion products that transform power into various usable forms. Market cap of $451.88M. MRQ revenue has decreased 8.85% ($128.5M vs. $140.97M y/y) while MRQ inventory has increased 39.18% ($92.82M vs. $66.69M y/y). Inventory/current assets has increased from 19.35% to 22.84%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30. The stock is a short squeeze candidate, with a short float at 5.99% (equivalent to 5.47 days of average volume). The stock has had a couple of great days, gaining 14.24% over the last week.

Accounting data sourced from Google Finance; all other data sourced from Finviz.

Source: 10 Tech Stocks With Negative Inventory Trends