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Interested in growth sectors such as consumer goods? For a closer look at some interesting stocks of the consumer goods sector, we ran a screen.

We began by screening the consumer goods sector for stocks that appear undervalued relative to earnings growth, with PEG below 1.

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.

(click to enlarge)

Do you think these stocks should be trading higher? Use this list as a starting point for your own analysis.

List sorted by increase in revenue over the last year.

1. China XD Plastics Company Ltd. (NASDAQ:CXDC): Market cap at $234.32M, most recent closing price at $4.96. PEG at 0.2. Revenue grew by 61.78% during the most recent quarter ($123.18M vs. $76.14M y/y). Accounts receivable grew by -16.72% during the same time period ($63.05M vs. $75.71M y/y). Receivables, as a percentage of current assets, decreased from 55.75% to 24.08% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

2. Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR): Engages in the specialty coffee and coffee maker business. Market cap at $3.93B, most recent closing price at $25.62. PEG at 0.37. Revenue grew by 36.65% during the most recent quarter ($885.05M vs. $647.66M y/y). Accounts receivable grew by 27.81% during the same time period ($303.29M vs. $237.3M y/y). Receivables, as a percentage of current assets, decreased from 34.6% to 26.31% during the most recent quarter (comparing 13 weeks ending 2012-03-24 to 13 weeks ending 2011-03-26).

3. R.G. Barry Corporation (NASDAQ:DFZ): Market cap at $152.05M, most recent closing price at $13.67. PEG at 0.84. Revenue grew by 24.86% during the most recent quarter ($25.11M vs. $20.11M y/y). Accounts receivable grew by 12.11% during the same time period ($14.9M vs. $13.29M y/y). Receivables, as a percentage of current assets, decreased from 20.87% to 19.88% during the most recent quarter (comparing 13 weeks ending 2012-03-31 to 13 weeks ending 2011-04-02).

4. Tempur Pedic International Inc. (NYSE:TPX): Distributes bedding products worldwide. Market cap at $3.11B, most recent closing price at $49.33. PEG at 0.92. Revenue grew by 17.97% during the most recent quarter ($384.39M vs. $325.84M y/y). Accounts receivable grew by 13.8% during the same time period ($152.96M vs. $134.41M y/y). Receivables, as a percentage of current assets, decreased from 44.61% to 35.91% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

5. Harman International Industries Inc. (NYSE:HAR): Engages in the development, manufacture, and marketing of audio products and electronic systems primarily in the United States, Germany, and other parts of Europe. Market cap at $2.86B, most recent closing price at $41.34. PEG at 0.32. Revenue grew by 15.55% during the most recent quarter ($1,095.67M vs. $948.2M y/y). Accounts receivable grew by -12.06% during the same time period ($689.02M vs. $783.51M y/y). Receivables, as a percentage of current assets, decreased from 39.06% to 31.39% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

6. Boise Inc. (NYSE:BZ): Engages in the manufacture and sale of paper and packaging products. Market cap at $702.43M, most recent closing price at $7.26. PEG at 0.49. Revenue grew by 13.38% during the most recent quarter ($644.85M vs. $568.76M y/y). Accounts receivable grew by 6.96% during the same time period ($248.69M vs. $232.5M y/y). Receivables, as a percentage of current assets, decreased from 38.88% to 38.83% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

7. Schweitzer-Mauduit International Inc. (NYSE:SWM): Manufactures and sells paper and reconstituted tobacco products to the tobacco industry, as well as specialized paper products for use in other applications. Market cap at $1.05B, most recent closing price at $68.53. PEG at 0.74. Revenue grew by 11.84% during the most recent quarter ($202.1M vs. $180.7M y/y). Accounts receivable grew by -0.36% during the same time period ($110.5M vs. $110.9M y/y). Receivables, as a percentage of current assets, decreased from 34.1% to 32.47% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

8. Navistar International Corporation (NYSE:NAV): Manufactures and sells commercial and military trucks, buses, diesel engines, recreational vehicles, and chassis, as well as provides service parts for trucks and trailers. Market cap at $1.93B, most recent closing price at $28.95. PEG at 0.09. Revenue grew by 11.27% during the most recent quarter ($3,052M vs. $2,743M y/y). Accounts receivable grew by 7.78% during the same time period ($2,813M vs. $2,610M y/y). Receivables, as a percentage of current assets, decreased from 47.83% to 43.55% during the most recent quarter (comparing 3 months ending 2012-01-31 to 3 months ending 2011-01-31).

9. BorgWarner Inc. (NYSE:BWA): Engages in the manufacture and sale of engineered automotive systems and components primarily for power train applications worldwide. Market cap at $8.52B, most recent closing price at $76.96. PEG at 0.66. Revenue grew by 10.52% during the most recent quarter ($1,912.5M vs. $1,730.4M y/y). Accounts receivable grew by 7.12% during the same time period ($1,369.4M vs. $1,278.4M y/y). Receivables, as a percentage of current assets, decreased from 59.36% to 56.82% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

10. 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 $14.04B, most recent closing price at $16.26. PEG at 0.65. 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).

11. Honda Motor Co., Ltd. (NYSE:HMC): Engages in the development, manufacture, and distribution of motorcycles, automobiles, and power products primarily in North America, Europe, and Asia. Market cap at $57.82B, most recent closing price at $32.27. PEG at 0.62. Revenue grew by 8.67% during the most recent quarter ($2,405,062M vs. $2,213,079M y/y). Accounts receivable grew by -1.3% during the same time period ($1,893,876M vs. $1,918,758M y/y). Receivables, as a percentage of current assets, decreased from 40.91% to 39.96% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

12. Xerox Corp. (NYSE:XRX): Engages in the development, manufacture, marketing, service, and finance of document equipment, software, solutions, and services worldwide. Market cap at $9.53B, most recent closing price at $7.22. PEG at 0.68. Revenue grew by 0.7% during the most recent quarter ($5,503M vs. $5,465M y/y). Accounts receivable grew by -14.33% during the same time period ($5,203M vs. $6,073M y/y). Receivables, as a percentage of current assets, decreased from 65.87% to 58.58% 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: 12 Undervalued Consumer Goods With Strong Sales Trends