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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 $100 million for those trading under $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. Alaska Communications Systems Group Inc. (NASDAQ:ALSK): Provides integrated communications services in the State of Alaska. Market cap at $149.14M. Price at $3.36. Revenue grew by 3.17% during the most recent quarter ($87.47M vs. $84.78M y/y). Accounts receivable grew by 0.03% during the same time period ($36.99M vs. $36.98M y/y). Receivables, as a percentage of current assets, decreased from 46.99% to 46.61% during the most recent quarter (comparing 3 months ending 2011-12-31 to 3 months ending 2010-12-31).

2. Majesco Entertainment Co. (NASDAQ:COOL): Provides interactive entertainment products primarily in the United States and Europe. Market cap at $103.38M. Price at $2.59. Revenue grew by 36.54% during the most recent quarter ($66.18M vs. $48.47M y/y). Accounts receivable grew by 28.75% during the same time period ($18.81M vs. $14.61M y/y). Receivables, as a percentage of current assets, decreased from 42.48% to 33.9% during the most recent quarter (comparing 3 months ending 2012-01-31 to 3 months ending 2011-01-31).

3. Crimson Exploration Inc. (NASDAQ:CXPO): Engages in the acquisition, exploitation, exploration, and development of natural gas and crude oil properties primarily in East Texas, Southeast Texas, South Texas, Colorado, Mississippi, and Southwest Louisiana. Market cap at $142.61M. Price at $3.19. Revenue grew by 18.54% during the most recent quarter ($29.09M vs. $24.54M y/y). Accounts receivable grew by -13.45% during the same time period ($13.71M vs. $15.84M y/y). Receivables, as a percentage of current assets, decreased from 58.86% to 57.75% during the most recent quarter (comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30).

4. Essex Rental Corp. (NASDAQ:ESSX): Rents crawler crane and attachments, rough terrain cranes, boom trucks, tower cranes, and other construction related rental equipment in the United States. Market cap at $100.65M. Price at $4.05. Revenue grew by 45.63% during the most recent quarter ($22.47M vs. $15.43M y/y). Accounts receivable grew by -0.06% during the same time period ($17.02M vs. $17.03M y/y). Receivables, as a percentage of current assets, decreased from 51.23% to 48.35% during the most recent quarter (comparing 3 months ending 2011-12-31 to 3 months ending 2010-12-31).

5. 1-800-Flowers.com Inc. (NASDAQ:FLWS): Operates as a gift retailer in the United States. Market cap at $197.16M. Price at $3.02. Revenue grew by 4.79% during the most recent quarter ($239.84M vs. $228.87M y/y). Accounts receivable grew by -23.67% during the same time period ($30.66M vs. $40.17M y/y). Receivables, as a percentage of current assets, decreased from 33.12% to 22.74% during the most recent quarter (comparing 3 months ending 2012-01-01 to 3 months ending 2010-12-26).

6. FSI International Inc. (NASDAQ:FSII): Designs, manufactures, markets, and supports equipment used in the fabrication of microelectronics, such as advanced semiconductor devices. Market cap at $178.99M. Price at $4.96. Revenue grew by 22.06% during the most recent quarter ($13.28M vs. $10.88M y/y). Accounts receivable grew by -12.31% during the same time period ($14.81M vs. $16.89M y/y). Receivables, as a percentage of current assets, decreased from 19.75% to 16.46% during the most recent quarter (comparing 3 months ending 2011-11-26 to 3 months ending 2010-11-27).

7. Five Star Quality Care Inc. (NYSE:FVE): Operates senior living communities, including independent living or congregate care communities, assisted living communities, and nursing facilities in the United States. Market cap at $162.86M. Price at $3.37. Revenue grew by 7.75% during the most recent quarter ($332.79M vs. $308.85M y/y). Accounts receivable grew by -0.83% during the same time period ($64.27M vs. $64.81M y/y). Receivables, as a percentage of current assets, decreased from 47.66% to 45.41% during the most recent quarter (comparing 3 months ending 2011-12-31 to 3 months ending 2010-12-31).

8. Gilat Satellite Networks Ltd. (NASDAQ:GILT): Provides Internet Protocol (NYSE:IP) based digital satellite communication and networking products and services worldwide. Market cap at $163.28M. Price at $3.93. Revenue grew by 41.69% during the most recent quarter ($93.6M vs. $66.06M y/y). Accounts receivable grew by -0.65% during the same time period ($51.65M vs. $51.99M y/y). Receivables, as a percentage of current assets, decreased from 31.2% to 29.65% during the most recent quarter (comparing 3 months ending 2011-12-31 to 3 months ending 2010-12-31).

9. Identive Group, Inc. (NASDAQ:INVE): Provides products and solutions in the areas of physical and logical access control, identity management, and radio frequency identification (RFID) to governments, commercial and industrial enterprises, healthcare organizations, and consumers worldwide. Market cap at $102.55M. Price at $1.73. Revenue grew by 0.4% during the most recent quarter ($27.92M vs. $27.81M y/y). Accounts receivable grew by -10.48% during the same time period ($13.75M vs. $15.36M y/y). Receivables, as a percentage of current assets, decreased from 39.56% to 32.35% during the most recent quarter (comparing 3 months ending 2011-12-31 to 3 months ending 2010-12-31).

10. Longwei Petroleum Investment Holding Limited (LPH): Engages in the wholesale distribution of finished petroleum products in the People's Republic of China. Market cap at $175.34M. Price at $1.72. Revenue grew by 5.16% during the most recent quarter ($126.38M vs. $120.18M y/y). Accounts receivable grew by -11.02% during the same time period ($30.85M vs. $34.67M y/y). Receivables, as a percentage of current assets, decreased from 19.04% to 17.7% during the most recent quarter (comparing 3 months ending 2011-12-31 to 3 months ending 2010-12-31).

11. Metalico Inc. (NYSEMKT:MEA): Engages in scrap metal recycling and lead metal products fabricating activities primarily in the United States. Market cap at $205.50M. Price at $4.30. Revenue grew by 23.2% during the most recent quarter ($168.73M vs. $136.96M y/y). Accounts receivable grew by 8.39% during the same time period ($66.42M vs. $61.28M y/y). Receivables, as a percentage of current assets, decreased from 45.77% to 40.73% during the most recent quarter (comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30).

12. Mitel Networks Corp. (NASDAQ:MITL): Provides integrated communications solutions primarily to the SME market in the United States and internationally. Market cap at $181.70M. Price at $3.71. Revenue grew by 4.59% during the most recent quarter ($150.5M vs. $143.9M y/y). Accounts receivable grew by -11.7% during the same time period ($132.1M vs. $149.6M y/y). Receivables, as a percentage of current assets, decreased from 47.03% to 46.33% during the most recent quarter (comparing 3 months ending 2012-01-31 to 3 months ending 2011-01-31).

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

Source: 12 Small-Cap Stocks Under $5 With Encouraging Receivable Trends