4 Electronics Stocks With Rising Receivables Turnover Ratios
Contextuall | Dec 19, 2012 01:00AM ET
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All of these Electronics stocks have seen revenues rise faster than accounts receivables during the most recent quarter.
Ranking of This List:
Contextuall.com tracks the performance of a wide variety of company characteristics. Based on performance data over the last month, this list below is currently ranked 281 out of 284 lists. In other words, the company characteristics described below have outperformed 1.06% of lists in Contextuall’s coverage universe.
Average Weekly Returns:
Average 1-Week Return of All Stocks Mentioned Below: -1.99%
Average 1-Month Return of All Stocks Mentioned Below: 2.41%
Analysis of List Alpha:
Number of Stocks in This List Generating Excess Return vs. SP500 (Beta Adjusted Over Last Week): 2 out of 4 (50.0%)
Number of Stocks in This List Generating Excess Return vs. SP500 (Beta Adjusted Over Last Month): 0 out of 4 (0.0%)
(List sorted by monthly performance, from best to worst)
1. Power-One Inc. (PWER): Designs, manufactures, and markets power conversion and power management solutions for the renewable energy (RE), communications infrastructure, and other technology markets. Revenues increased by 15.76% during the most recent quarter ($283.65M vs. $245.03M y/y), while the size of accounts receivable changed by 7.98% ($256.83M vs. $237.84M y/y). Receivables, as a percentage of current assets, decreased from 39.81% to 34.42% during the most recent quarter (time interval comparison 13 weeks ending 2012-09-30 to 13 weeks ending 2011-10-02).
2. Silicon Motion Technology Corp. (SIMO): Operates as a fabless semiconductor company. Revenues increased by 21.91% during the most recent quarter ($77.07M vs. $63.22M y/y), while the size of accounts receivable changed by 5.41% ($37.59M vs. $35.66M y/y). Receivables, as a percentage of current assets, decreased from 23.11% to 15.53% during the most recent quarter (time interval comparison 3 months ending 2012-09-30 to 3 months ending 2011-09-30).
3. Acuity Brands (AYI): Engages in the design, production, and distribution of lighting fixtures, lighting controls, and related products and services in North America and internationally. Revenues increased by 3.61% during the most recent quarter ($514.2M vs. $496.3M y/y), while the size of accounts receivable changed by 0.46% ($263.8M vs. $262.6M y/y). Receivables, as a percentage of current assets, decreased from 41.65% to 33.86% during the most recent quarter (time interval comparison 3 months ending 2012-08-31 to 3 months ending 2011-08-31).
4. Cogo Group (COGO): Provides customized module design solutions, focusing on the digital media, telecommunications equipment, and industrial business end-markets in China. Revenues increased by 45.65% during the most recent quarter ($1,360.3M vs. $933.92M y/y), while the size of accounts receivable changed by -5.85% ($978.61M vs. $1,039.46M y/y). Receivables, as a percentage of current assets, decreased from 43.47% to 39.8% during the most recent quarter (time interval comparison 3 months ending 2012-09-30 to 3 months ending 2011-09-30).
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