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Do you consider a company's sales trends when evaluating stocks? Because many companies earn a majority of their profits through revenue, a sales analysis is an important part of almost any company's story.

To illustrate this, we ran a screen on the large-cap sector for stocks with encouraging sales trends relative to inventory and accounts receivable.

We began by comparing growth in revenue to growth in inventory over the last year. We screened for stocks with positive sales trends, with faster growth in revenue than inventory over the last year. Since inventory represents the portion of goods not yet sold, faster growth in revenue than inventory is considered a good sign.

To screen for healthy liquidity, we also only focused on those companies with inventory declining as a percent of current assets.

We then screened for those stocks with strong sales trends, comparing growth in revenue to growth in accounts receivable. Since accounts receivable is the portion of revenue not yet received, and there is no guarantee the money will ever be received, the smaller the portion of revenue made up of receivables the healthier the company's revenue.

We screened for stocks seeing faster growth in revenue than 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 up to six of 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 have strong sales trends? Use this list as a starting point for your own analysis.

List sorted by increase in revenue over the last year.

1. Boeing Co. (NYSE:BA): Engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. Market cap at $56.9B, most recent closing price at $74.84. Revenue grew by 30% during the most recent quarter ($19,383M vs. $14,910M y/y). Accounts receivable grew by 8.89% during the same time period ($6,847M vs. $6,288M y/y). Receivables, as a percentage of current assets, decreased from 15.33% to 13.66% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31). Inventory grew by 21.65% during the same time period ($32,738M vs. $26,912M y/y). Inventory, as a percentage of current assets, decreased from 65.62% to 65.3% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

2. Cummins Inc. (NYSE:CMI): Designs, manufactures, distributes, and services diesel and natural gas engines, electric power generation systems, and engine-related component products worldwide. Market cap at $20.28B, most recent closing price at $104.0. Revenue grew by 15.85% during the most recent quarter ($4,472M vs. $3,860M y/y). Accounts receivable grew by 4.44% during the same time period ($2,684M vs. $2,570M y/y). Receivables, as a percentage of current assets, decreased from 39.57% to 36.68% during the most recent quarter (comparing 3 months ending 2012-04-01 to 3 months ending 2011-03-27). Inventory grew by 8.17% during the same time period ($2,382M vs. $2,202M y/y). Inventory, as a percentage of current assets, decreased from 33.91% to 32.55% during the most recent quarter (comparing 3 months ending 2012-04-01 to 3 months ending 2011-03-27).

3. Monsanto Co. (NYSE:MON): Provides agricultural products for farmers in the United States and internationally. Market cap at $38.85B, most recent closing price at $73.42. Revenue grew by 14.94% during the most recent quarter ($4,748M vs. $4,131M y/y). Accounts receivable grew by 0.47% during the same time period ($3,002M vs. $2,988M y/y). Receivables, as a percentage of current assets, decreased from 34.79% to 29.95% during the most recent quarter (comparing 3 months ending 2012-02-29 to 3 months ending 2011-02-28). Inventory grew by -3.96% during the same time period ($2,862M vs. $2,980M y/y). Inventory, as a percentage of current assets, decreased from 34.7% to 28.55% during the most recent quarter (comparing 3 months ending 2012-02-29 to 3 months ending 2011-02-28).

4. TransCanada Corp. (NYSE:TRP): Operates as an energy infrastructure company in North America. Market cap at $30.63B, most recent closing price at $43.10. Revenue grew by 14.73% during the most recent quarter ($2,360M vs. $2,057M y/y). Accounts receivable grew by -0.47% during the same time period ($1,265M vs. $1,271M y/y). Receivables, as a percentage of current assets, decreased from 38.17% to 34.75% during the most recent quarter (comparing 3 months ending 2011-12-31 to 3 months ending 2010-12-31). Inventory grew by -2.12% during the same time period ($416M vs. $425M y/y). Inventory, as a percentage of current assets, decreased from 12.76% to 11.43% during the most recent quarter (comparing 3 months ending 2011-12-31 to 3 months ending 2010-12-31).

5. BRF - Brasil Foods S.A. (NYSE:BRFS): Produces and sells poultry, pork, beef cuts, milk, dairy products, and processed food products in Brazil and internationally. Market cap at $15.51B, most recent closing price at $17.46. Revenue grew by 10.35% during the most recent quarter ($6,292M vs. $5,702M y/y). Accounts receivable grew by 6.2% during the same time period ($3,264M vs. $3,073.56M y/y). Receivables, as a percentage of current assets, decreased from 32.3% to 29.42% during the most recent quarter (comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30). Inventory grew by -2.21% during the same time period ($2,872M vs. $2,936.89M y/y). Inventory, as a percentage of current assets, decreased from 30.86% to 25.89% during the most recent quarter (comparing 3 months ending 2011-09-30 to 3 months ending 2010-09-30).

6. Companhia de Bebidas Das Americas (AMBEV) (ABV): Engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt, and other non-alcoholic and non-carbonated products in the Americas. Market cap at $130.15B, most recent closing price at $41.15. Revenue grew by 10.27% during the most recent quarter ($7,235.7M vs. $6,562.1M y/y). Accounts receivable grew by -0.47% during the same time period ($3,746.8M vs. $3,764.6M y/y). Receivables, as a percentage of current assets, decreased from 32.02% to 26.22% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31). Inventory grew by 5.72% during the same time period ($2,365.1M vs. $2,237.1M y/y). Inventory, as a percentage of current assets, decreased from 19.03% to 16.55% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

7. Honeywell International Inc. (NYSE:HON): Operates as a diversified technology and manufacturing company worldwide. Market cap at $46.38B, most recent closing price at $58.93. Revenue grew by 7.32% during the most recent quarter ($9,307M vs. $8,672M y/y). Accounts receivable grew by 0.93% during the same time period ($7,268M vs. $7,201M y/y). Receivables, as a percentage of current assets, decreased from 44.92% to 43.91% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31). Inventory grew by 1.82% during the same time period ($4,368M vs. $4,290M y/y). Inventory, as a percentage of current assets, decreased from 26.76% to 26.39% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

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

Source: 7 Large Caps With Strong Inventory And Receivable Trends