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Accounts receivable represents a big portion of revenue for many companies, but as the name implies, these funds are not yet "received." This can therefore be an area of concern.

When accounts receivable becomes a larger percentage of the revenues reported by a company, it indicates lower quality revenues because there is no guarantee that accounts receivable will be paid back in full. Companies with shrinking accounts receivable (relative to revenue) are viewed favorably.

We ran a screen on the tech sector for stocks with positive receivable and revenue trends: increases in quarterly revenue year-over-year outpacing changes in quarterly accounts receivable, and a decrease in quarterly accounts receivable as a percent of quarterly current assets year-over-year.

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 have strong sources of revenue? Use this list as a starting point for your own analysis.

List sorted by difference between growth in revenue and accounts receivable.

1. Silicon Graphics International Corp. (NASDAQ:SGI): Focuses on helping customers solve their technology challenges by delivering clustered and high-performance computing and storage solutions, and software and services. Market cap of $389.70M. MRQ revenue has increased 58.47% ($178.9M vs. $112.89M y/y) while MRQ accounts receivable has increased 2.09% ($108.64M vs. $106.42M y/y). Accounts receivable/current assets has decreased from 29.32% to 27.17%, comparing 13 weeks ending 2011-09-30 to 13 weeks ending 2010-09-24. The stock is a short squeeze candidate, with a short float at 27.9% (equivalent to 16.51 days of average volume).

2. BroadSoft, Inc. (NASDAQ:BSFT): Provides software that enables fixed-line, mobile, and cable service providers to deliver voice and multimedia services over Internet protocol (IP) based networks. Market cap of $745.22M. MRQ revenue has increased 60.22% ($35.68M vs. $22.27M y/y) while MRQ accounts receivable has increased 9.80% ($33.61M vs. $30.61M y/y). Accounts receivable/current assets has decreased from 35.91% to 15.04%, 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 25.03% (equivalent to 9.09 days of average volume).

3. Internet Initiative Japan Inc. (NASDAQ:IIJI): Provides Internet connectivity, outsourcing, and systems integration services to customers primarily in Japan. Market cap of $683.02M. MRQ revenue has increased 29.18% ($23,844.73M vs. $18,458.82M y/y) while MRQ accounts receivable has decreased 18.05% ($14,441.84M vs. $17,622.89M y/y). Accounts receivable/current assets has decreased from 55.62% to 48.02%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30.

4. Aspen Technology, Inc. (NASDAQ:AZPN): Provides integrated process optimization software solutions for manufacturers in process industries, and engineering and construction firms. Market cap of $1.59B. MRQ revenue has increased 18.86% ($51.23M vs. $43.1M y/y) while MRQ accounts receivable has decreased 26.15% ($76.36M vs. $103.4M y/y). Accounts receivable/current assets has decreased from 43.39% to 31.67%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30. The stock has gained 23.77% over the last year.

5. LSI Corporation (NASDAQ:LSI): Designs, develops, and markets storage and networking semiconductors and storage systems worldwide. Market cap of $3.81B. MRQ revenue has increased 20.76% ($546.91M vs. $452.88M y/y) while MRQ accounts receivable has decreased 20.86% ($248.39M vs. $313.87M y/y). Accounts receivable/current assets has decreased from 25.35% to 17.38%, comparing 3 months ending 2011-10-02 to 3 months ending 2010-10-03. The stock has had a couple of great days, gaining 8.84% over the last week.

6. Web.com Group, Inc. (NASDAQ:WWWW): Provides Internet services and online marketing solutions for small-to-medium sized businesses to build and maintain an online presence. Market cap of $311.54M. MRQ revenue has increased 34.13% ($43.9M vs. $32.73M y/y) while MRQ accounts receivable has decreased 5.68% ($7.8M vs. $8.27M y/y). Accounts receivable/current assets has decreased from 18.21% to 18.03%, 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 8.87% (equivalent to 11.96 days of average volume). The stock has had a good month, gaining 14.41%.

7. NVIDIA Corporation (NASDAQ:NVDA): Provides visual computing, high performance computing, and mobile computing solutions that generate interactive graphics on various devices ranging from tablets and smart phones to notebooks and workstations. Market cap of $8.67B. MRQ revenue has increased 26.34% ($1,066.18M vs. $843.91M y/y) while MRQ accounts receivable has decreased 7.07% ($371.26M vs. $399.5M y/y). Accounts receivable/current assets has decreased from 14.23% to 10.61%, comparing 13 weeks ending 2011-10-30 to 13 weeks ending 2010-10-31. The stock has lost 30.13% over the last year.

8. KEMET Corp. (NYSE:KEM): Manufactures and sells capacitors worldwide. Market cap of $337.85M. MRQ revenue has increased 6.81% ($265.51M vs. $248.59M y/y) while MRQ accounts receivable has decreased 25.79% ($114.5M vs. $154.29M y/y). Accounts receivable/current assets has decreased from 32.83% to 21.22%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30. The stock has had a couple of great days, gaining 8.61% over the last week.

9. SolarWinds, Inc. (NYSE:SWI): Designs, develops, markets, sells, and supports enterprise information technology (IT) infrastructure management software to IT professionals. Market cap of $2.14B. MRQ revenue has increased 31.11% ($53.95M vs. $41.15M y/y) while MRQ accounts receivable has increased 0.43% ($30.25M vs. $30.12M y/y). Accounts receivable/current assets has decreased from 21.44% to 15.35%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30. The stock has performed poorly over the last month, losing 12.11%.

10. ARM Holdings plc (NASDAQ:ARMH): Designs microprocessors, physical IP, and related technology and software, as well as sells development tools to enhance the performance of high-volume embedded applications. Market cap of $12.16B. MRQ revenue has increased 19.75% ($120.17M vs. $100.35M y/y) while MRQ accounts receivable has decreased 10.10% ($85.44M vs. $95.04M y/y). Accounts receivable/current assets has decreased from 25.80% to 18.96%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30. The stock has gained 15.89% over the last year.

11. Ultratech, Inc. (NASDAQ:UTEK): Develops, manufactures, and markets photolithography and laser thermal processing equipment. Market cap of $663.58M. MRQ revenue has increased 44.81% ($54.94M vs. $37.94M y/y) while MRQ accounts receivable has increased 15.11% ($34.89M vs. $30.31M y/y). Accounts receivable/current assets has decreased from 11.86% to 11.16%, comparing 3 months ending 2011-10-01 to 3 months ending 2010-10-02. The stock has had a couple of great days, gaining 5.18% over the last week.

12. Skyworks Solutions Inc. (NASDAQ:SWKS): Offers analog and mixed signal semiconductors worldwide. Market cap of $3.39B. MRQ revenue has increased 28.42% ($402.32M vs. $313.28M y/y) while MRQ accounts receivable has increased 1.55% ($177.94M vs. $175.23M y/y). Accounts receivable/current assets has decreased from 22.18% to 21.80%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-10-01.

13. FARO Technologies Inc. (NASDAQ:FARO): Designs, develops, manufactures, markets, and supports portable, software driven, 3-D measurement systems used in a range of manufacturing, industrial, building construction, and forensic applications. Market cap of $881.22M. MRQ revenue has increased 43.10% ($64.81M vs. $45.29M y/y) while MRQ accounts receivable has increased 17.24% ($50.67M vs. $43.22M y/y). Accounts receivable/current assets has decreased from 22.03% to 21.62%, comparing 3 months ending 2011-10-01 to 3 months ending 2010-10-02. Exhibiting strong upside momentum--currently trading 12.1% above its SMA20, 13.3% above its SMA50, and 26.23% above its SMA200. The stock has had a couple of great days, gaining 14.33% over the last week.

14. MedAssets, Inc. (NASDAQ:MDAS): Provides technology enabled products and services for hospitals, health systems, and other non-acute healthcare providers in the United States. Market cap of $605.27M. MRQ revenue has increased 49.78% ($143.56M vs. $95.85M y/y) while MRQ accounts receivable has increased 25.43% ($94.94M vs. $75.69M y/y). Accounts receivable/current assets has decreased from 68.72% to 54.42%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30.

15. CA Technologies (NASDAQ:CA): Designs, develops, markets, delivers, licenses, and supports information technology management software products that operate on a range of hardware platforms and operating systems. Market cap of $10.33B. MRQ revenue has increased 10.29% ($1,200M vs. $1,088M y/y) while MRQ accounts receivable has decreased 13.77% ($601M vs. $697M y/y). Accounts receivable/current assets has decreased from 19.07% to 18.70%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30. The stock has lost 14.53% over the last year.

16. ASML Holding NV (NASDAQ:ASML): Engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits. Market cap of $18.05B. MRQ revenue has increased 24.02% ($1,458.5M vs. $1,176M y/y) while MRQ accounts receivable has increased 0.08% ($928M vs. $927.3M y/y). Accounts receivable/current assets has decreased from 21.33% to 16.57%, comparing 3 months ending 2011-09-25 to 3 months ending 2010-09-26. Might be undervalued at current levels, with a PEG ratio at 0.9, and P/FCF ratio at 7.88. The stock has gained 15.36% over the last year.

17. Medidata Solutions, Inc. (NASDAQ:MDSO): Provides software-as-a-service based clinical development solutions for life science organizations worldwide. Market cap of $527.32M. MRQ revenue has increased 12.65% ($46.3M vs. $41.1M y/y) while MRQ accounts receivable has decreased 11.02% ($19.46M vs. $21.87M y/y). Accounts receivable/current assets has decreased from 18.24% to 14.53%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30.

18. ICG Group, Inc. (ICGE): A private equity and venture capital firm specializing in patient capital, growth capital, acquisitions, and mid and late venture investments in public and private companies. Market cap of $307.84M. MRQ revenue has increased 16.28% ($35.14M vs. $30.22M y/y) while MRQ accounts receivable has decreased 7.33% ($31.23M vs. $33.7M y/y). Accounts receivable/current assets has decreased from 24.90% to 20.34%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30. The stock has lost 39.78% over the last year.

19. Retalix Ltd. (NASDAQ:RTLX): Provides integrated software solutions to food and fuel retailers, grocery, convenience stores, and foodservice distributors primarily in Israel, the United States, and Europe. Market cap of $330.80M. MRQ revenue has increased 16.37% ($61.56M vs. $52.9M y/y) while MRQ accounts receivable has decreased 6.48% ($62.3M vs. $66.62M y/y). Accounts receivable/current assets has decreased from 33.96% to 30.24%, comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30.

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

Source: Top 19 Tech Stocks With Positive Receivable Trends