Seeking Alpha

Contextuall's  Instablog

Contextuall
Send Message
Contextuall was founded on the belief that people’s online activities are a leading indicator of what they plan to do in the future. - Before you buy a car, you search for the best deals online - If you just lost your job, you tweet about it - If you’re visiting your local shopping mall, you... More
My company:
Contextuall
My blog:
Contextuall Free Reports
  • Latest On Medical Appliance: Medical Appliance Stocks With Falling Receivables Turnover Ratios (Dec-18) 0 comments
    Dec 18, 2012 7:47 PM | about stocks: STXS, CRY, MSA, TGX, SIRO, VSCI, GB, SPNC, HNSN, BABY, EPOC, MAKO

    Screen Criteria:

    List of Medical Appliance stocks that also have significant and rising accounts receivable, when compared to quarterly revenue growth (i.e. falling receivable turnover ratios). (Link to original post)

    Ranking of This List:

    This list is currently ranked 147 out of 284 lists tracked by Contextuall.com, i.e. the company characteristics described below have outperformed 48.24% of lists in Contextuall's coverage universe.

    Average Weekly Returns:

    Average 1-Week Return of All Stocks Mentioned Below: 11.19%

    Average 1-Month Return of All Stocks Mentioned Below: 9.72%

    Analysis of List Alpha:

    Number of Stocks in This List Generating Excess Return vs. SP500 (Beta Adjusted Over Last Week): 7 out of 12 (58.33%)

    Number of Stocks in This List Generating Excess Return vs. SP500 (Beta Adjusted Over Last Month): 5 out of 12 (41.67%)

    (List sorted by monthly performance, from best to worst)

    1. Stereotaxis Inc. (NASDAQ:STXS): Designs, manufactures, and markets cardiology instrument control systems for use in a hospital's interventional surgical suite or interventional lab for the treatment of arrhythmias and coronary artery diseases in the United States and internationally. Size of receivables grew by 129.78% during the most recent quarter ($10.57M vs. $4.6M y/y), while revenue only increased by 35.36% ($11.56M vs. $8.54M y/y). Accounts Receivable, as a percentage of current assets, increased from 14.95% to 34.55% during the most recent quarter (time interval comparison 3 months ending 2012-09-30 to 3 months ending 2011-09-30).

    2. CryoLife Inc. (NYSE:CRY): Engages in the processing and distribution of implantable living human tissues for use in cardiac and vascular surgeries in the United States and Canada. Size of receivables grew by 22.60% during the most recent quarter ($18.77M vs. $15.31M y/y), while revenue only increased by 12.75% ($33.43M vs. $29.65M y/y). Accounts Receivable, as a percentage of current assets, increased from 17.23% to 25.99% during the most recent quarter (time interval comparison 3 months ending 2012-09-30 to 3 months ending 2011-09-30).

    3. Mine Safety Appliances Co. (NYSE:MSA): Develops, manufactures, and supplies health and safety products used by workers in the fire service, homeland security, construction, and other industries, as well as the military. Size of receivables grew by 7.10% during the most recent quarter ($223.2M vs. $208.41M y/y), while revenue only increased by -4.62% ($286.74M vs. $300.64M y/y). Accounts Receivable, as a percentage of current assets, increased from 43.32% to 46.02% during the most recent quarter (time interval comparison 3 months ending 2012-09-30 to 3 months ending 2011-09-30).

    4. Theragenics Corp. (NYSE:TGX): Operates as a medical device company serving the cancer treatment and surgical products markets primarily in the United States and Europe. Size of receivables grew by 7.27% during the most recent quarter ($10.48M vs. $9.77M y/y), while revenue only increased by -5.41% ($19.92M vs. $21.06M y/y). Accounts Receivable, as a percentage of current assets, increased from 13.62% to 17.38% during the most recent quarter (time interval comparison 3 months ending 2012-09-30 to 3 months ending 2011-09-30).

    5. Sirona Dental Systems Inc. (NASDAQ:SIRO): Develops, manufactures, and markets dental equipment for dentists worldwide. Size of receivables grew by 32.07% during the most recent quarter ($134.78M vs. $102.05M y/y), while revenue only increased by 13.05% ($247.36M vs. $218.8M y/y). Accounts Receivable, as a percentage of current assets, increased from 17.55% to 32.93% during the most recent quarter (time interval comparison 3 months ending 2012-09-30 to 3 months ending 2011-09-30).

    6. Vision-Sciences Inc. (NASDAQ:VSCI): Designs, develops, manufactures, and markets products for endoscopy. Size of receivables grew by 64.07% during the most recent quarter ($2.74M vs. $1.67M y/y), while revenue only increased by -7.20% ($3.74M vs. $4.03M y/y). Accounts Receivable, as a percentage of current assets, increased from 14.88% to 25.54% during the most recent quarter (time interval comparison 3 months ending 2012-09-30 to 3 months ending 2011-09-30).

    7. Greatbatch (NYSE:GB): Provides technology solutions for medical and industrial applications. Size of receivables grew by 50.67% during the most recent quarter ($124.8M vs. $82.83M y/y), while revenue only increased by 22.49% ($161.34M vs. $131.72M y/y). Accounts Receivable, as a percentage of current assets, increased from 32.74% to 47.69% during the most recent quarter (time interval comparison 13 weeks ending 2012-09-28 to 13 weeks ending 2011-09-30).

    8. The Spectranetics Corporation (NASDAQ:SPNC): Designs, manufactures, and markets single use medical devices used in minimally invasive surgical procedures within the cardiovascular system in conjunction with its proprietary excimer laser system, the CVX-300. Size of receivables grew by 16.02% during the most recent quarter ($19.99M vs. $17.23M y/y), while revenue only increased by 9.65% ($35.23M vs. $32.13M y/y). Accounts Receivable, as a percentage of current assets, increased from 27.23% to 31.17% during the most recent quarter (time interval comparison 3 months ending 2012-09-30 to 3 months ending 2011-09-30).

    9. Hansen Medical (NASDAQ:HNSN): Develops, manufactures, and markets medical robotics designed for accurate positioning, manipulation, and stable control of catheters and catheter-based technologies. Size of receivables grew by 15.95% during the most recent quarter ($4.58M vs. $3.95M y/y), while revenue only increased by -4.85% ($5.1M vs. $5.36M y/y). Accounts Receivable, as a percentage of current assets, increased from 10.04% to 12.69% during the most recent quarter (time interval comparison 3 months ending 2012-09-30 to 3 months ending 2011-09-30).

    10. Natus Medical Inc. (NASDAQ:BABY): Develops, manufactures, and markets neurodiagnostic and newborn care products worldwide. Size of receivables grew by 68.47% during the most recent quarter ($82.03M vs. $48.69M y/y), while revenue only increased by 57.23% ($80.72M vs. $51.34M y/y). Accounts Receivable, as a percentage of current assets, increased from 37.97% to 52.21% during the most recent quarter (time interval comparison 3 months ending 2012-09-30 to 3 months ending 2011-09-30).

    11. Epocrates (NASDAQ:EPOC): Provides mobile drug reference tools to healthcare professionals and interactive services to the healthcare industry in the United States. Size of receivables grew by 29.55% during the most recent quarter ($22.4M vs. $17.29M y/y), while revenue only increased by -2.14% ($26.02M vs. $26.59M y/y). Accounts Receivable, as a percentage of current assets, increased from 15.75% to 19.7% during the most recent quarter (time interval comparison 3 months ending 2012-09-30 to 3 months ending 2011-09-30).

    12. MAKO Surgical Corp. (NASDAQ:MAKO): MAKO Surgical Corp., a medical device company, markets its advanced robotic arm solution and orthopedic implants for orthopedic procedures in the United States and internationally. Size of receivables grew by 74.53% during the most recent quarter ($19.6M vs. $11.23M y/y), while revenue only increased by 45.83% ($29.18M vs. $20.01M y/y). Accounts Receivable, as a percentage of current assets, increased from 13.68% to 23.26% during the most recent quarter (time interval comparison 3 months ending 2012-09-30 to 3 months ending 2011-09-30).

    Stocks: STXS, CRY, MSA, TGX, SIRO, VSCI, GB, SPNC, HNSN, BABY, EPOC, MAKO
Back To Contextuall's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • $$ [new post] Intelligent Machines Reading the News, and Predicting the Future http://bit.ly/16juxxB
    Apr 30, 2013
  • $$ Just launched a graphical news sentiment tool for major companies--any thoughts? Please let us know :) http://bit.ly/ZlN89l
    Apr 23, 2013
  • $$ List of most bullish sectors and industries, based on aggregated tweets over last 24hours http://bit.ly/XIyyI0
    Apr 2, 2013
More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.