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Interested in the high-growth prospects of the internet industry? We ran a screen with this idea in mind.

We began by screening for internet stocks that are expected to have high earnings growth, with 5-year projected EPS growth above 15%.

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.

For an ‪interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.‬

(click to enlarge)

Tool provided by Kapitall (www.kapitall.com). More investing ideas on Kapitall Wire (wire.kapitall.com).

Do you think these stocks will meet their high-growth prospects? Use this list as a starting point for your own analysis.

List sorted by increase in revenue over the last year.

1. Tudou Holdings Limited (TUDO): Operates as an online video company in the People's Republic of China. Market cap at $202.28M, most recent closing price at $28.53. 5-year projected EPS growth at 55.00%. Revenue grew by 76.72% during the most recent quarter ($140.28M vs. $79.38M y/y). Accounts receivable grew by -0.7% during the same time period ($256.6M vs. $258.4M y/y). Receivables, as a percentage of current assets, decreased from 45.6% to 23.06% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

2. DealerTrack Holdings, Inc. (TRAK): Provides on-demand software solutions to automotive retail industry in the United States and Canada. Market cap at $1.22B, most recent closing price at $28.81. 5-year projected EPS growth at 15.26%. Revenue grew by 18.69% during the most recent quarter ($91.62M vs. $77.19M y/y). Accounts receivable grew by -15.64% during the same time period ($40.5M vs. $48.01M y/y). Receivables, as a percentage of current assets, decreased from 35.71% to 11.52% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

3. Ariba Inc. (ARBA): Provides collaborative business commerce solutions for buying and selling goods and services. Market cap at $4.46B, most recent closing price at $44.55. 5-year projected EPS growth at 19.97%. Revenue grew by 12.34% during the most recent quarter ($136.96M vs. $121.92M y/y). Accounts receivable grew by -3.21% during the same time period ($36.75M vs. $37.97M y/y). Receivables, as a percentage of current assets, decreased from 14.51% to 12.12% during the most recent quarter (comparing 3 months ending 2012-06-30 to 3 months ending 2011-06-30).

4. Travelzoo Inc. (TZOO): Publishes travel and entertainment offers from various travel and entertainment companies in North America and Europe. Market cap at $351.76M, most recent closing price at $22.04. 5-year projected EPS growth at 35.00%. Revenue grew by 4.79% during the most recent quarter ($39.36M vs. $37.56M y/y). Accounts receivable grew by -5.99% during the same time period ($17.73M vs. $18.86M y/y). Receivables, as a percentage of current assets, decreased from 30.33% to 23.14% during the most recent quarter (comparing 3 months ending 2012-06-30 to 3 months ending 2011-06-30).

5. Internet Initiative Japan Inc. (IIJI): Provides Internet connectivity, outsourcing, and systems integration services to customers primarily in Japan. Market cap at $871.5M, most recent closing price at $10.91. 5-year projected EPS growth at 31.10%. Revenue grew by 3.67% during the most recent quarter ($26,563.01M vs. $25,621.55M y/y). Accounts receivable grew by -4.13% during the same time period ($15,711.4M vs. $16,387.73M y/y). Receivables, as a percentage of current assets, decreased from 47.45% to 46.63% 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: 5 High-Growth Internet Stocks With Solid Sales Trends