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If you're interested in the retail industry, it's important to analyze the companies' trends in revenue compared to receivables. Accounts receivable represents the portion of revenue not yet collected, thus the higher the proportion the healthier the revenues.

We ran a screen on the retail industry for stocks exhibiting negative trends in accounts receivable relative to revenue: increases in accounts receivable outpacing increases in revenue year-over-year, as well as receivables growing as a proportion of current assets over the same time period.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the 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 in hot water? Use this list as a starting point for your own analysis.

1. Polo Ralph Lauren Corp. (NYSE:RL): Engages in the design, marketing, and distribution of lifestyle products. Market cap at $16.04B. Revenue grew by 16.64% during the most recent quarter ($1,805.6M vs. $1,548M y/y). Accounts receivable grew by 31.89% during the same time period ($450M vs. $341.2M y/y). Receivables, as a percentage of current assets, increased from 13.58% to 15.92% during the most recent quarter (comparing 13 weeks ending 2011-12-31 to 13 weeks ending 2011-01-01).

2. Staples, Inc. (NASDAQ:SPLS): Operates as an office products company. Market cap at $10.25B. Revenue grew by 0.49% during the most recent quarter ($6,569.93M vs. $6,537.68M y/y). Accounts receivable grew by 6.51% during the same time period ($2,125.03M vs. $1,995.07M y/y). Receivables, as a percentage of current assets, increased from 31.% to 33.55% during the most recent quarter (comparing 13 weeks ending 2011-10-29 to 13 weeks ending 2010-10-30).

3. V.F. Corporation (NYSE:VFC): Designs and manufactures, or sources from independent contractors various apparel and footwear products primarily in the United States and Europe. Market cap at $16.12B. Revenue grew by 36.87% during the most recent quarter ($2,910.24M vs. $2,126.24M y/y). Accounts receivable grew by 44.91% during the same time period ($1,120.25M vs. $773.08M y/y). Receivables, as a percentage of current assets, increased from 27.36% to 35.14% during the most recent quarter (comparing 13 weeks ending 2011-12-31 to 13 weeks ending 2011-01-01).

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

Source: 3 Large-Cap Retail Stocks With Discouraging Receivable Trends