A Closer Look At Electronics: List Of Electronics Stocks With Falling Receivables Turnover Ratios

Screen Criteria:

List of Electronics stocks with falling accounts receivable turnover ratios. (Link to original post)

Ranking of This List:

Based on performance data over the last month, this list is currently ranked 3 out of 284 lists tracked by Contextuall.com. In other words, the company characteristics described below have outperformed 98.94% of lists in Contextuall's coverage universe.

Average Weekly Returns:

Average 1-Week Return of All Stocks Mentioned Below: 6.85%

Average 1-Month Return of All Stocks Mentioned Below: 21.67%

Analysis of List Alpha:

Number of Stocks in This List Generating Excess Return vs. SP500 (Beta Adjusted Over Last Week): 4 out of 4 (100.0%)

Number of Stocks in This List Generating Excess Return vs. SP500 (Beta Adjusted Over Last Month): 4 out of 4 (100.0%)

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

1. Jinpan International Ltd. (JST): Engages in the design and manufacture of cast resin transformers for voltage distribution equipment. Size of receivables grew by 20.70% during the most recent quarter ($150.86M vs. $124.99M y/y), while revenue only increased by -11.72% ($58.83M vs. $66.64M y/y). Accounts Receivable, as a percentage of current assets, increased from 57.98% to 69.81% during the most recent quarter (time interval comparison 3 months ending 2012-09-30 to 3 months ending 2011-09-30).

2. Sanmina-SCI Corp. (SANM): Provides integrated electronics manufacturing services worldwide. Size of receivables grew by -1.24% during the most recent quarter ($1,001.54M vs. $1,014.12M y/y), while revenue only increased by -6.96% ($1,578.58M vs. $1,696.7M y/y). Accounts Receivable, as a percentage of current assets, increased from 38.57% to 43.05% during the most recent quarter (time interval comparison 13 weeks ending 2012-09-29 to 13 weeks ending 2011-10-01).

3. Orion Energy Systems (OESX): Engages in the development, manufacture, and sale of lighting and energy management systems, controls, and services. Size of receivables grew by 4.01% during the most recent quarter ($19.45M vs. $18.7M y/y), while revenue only increased by -42.03% ($19.41M vs. $33.48M y/y). Accounts Receivable, as a percentage of current assets, increased from 29.57% to 33.2% during the most recent quarter (time interval comparison 3 months ending 2012-09-30 to 3 months ending 2011-09-30).

4. Maxwell Technologies Inc. (MXWL): Develops, manufactures, and markets energy storage and power delivery products, and microelectronic products. Size of receivables grew by 66.43% during the most recent quarter ($52.99M vs. $31.84M y/y), while revenue only increased by 6.84% ($43.91M vs. $41.1M y/y). Accounts Receivable, as a percentage of current assets, increased from 33.88% to 49.15% during the most recent quarter (time interval comparison 3 months ending 2012-09-30 to 3 months ending 2011-09-30).