5 Aerospace Stocks With Rising Receivables Turnover Ratios
Contextuall | Dec 14, 2012 02:28AM ET
Screen Criteria:
List of Aerospace stocks that also have significant and rising revenues, when compared to quarterly accounts receivables growth (i.e. rising receivable turnover ratios).
Average Weekly Returns:
Average 1-Week Return of All Stocks Mentioned Below: -0.06%
Average 1-Month Return of All Stocks Mentioned Below: 4.91%
Analysis of List Alpha:
Number of Stocks in This List Generating Excess Return vs. SP500 (Beta Adjusted Over Last Week): 2 out of 5 (40.0%)
Number of Stocks in This List Generating Excess Return vs. SP500 (Beta Adjusted Over Last Month): 2 out of 5 (40.0%)
Chart: Distribution of 1-Week Returns For All Stocks Mentioned Below
Chart: Distribution of 1-Month Returns For All Stocks Mentioned Below
(List sorted by monthly performance, from best to worst)
1. Elbit Systems Ltd. (ESLT): Engages in the design, development, manufacture, and integration of defense systems and products worldwide. Revenues increased by 2.07% during the most recent quarter ($677.47M vs. $663.71M y/y), while the size of accounts receivable changed by -1.08% ($853.6M vs. $862.95M y/y). Receivables, as a percentage of current assets, decreased from 48.79% to 45.99% during the most recent quarter (time interval comparison 3 months ending 2012-09-30 to 3 months ending 2011-09-30).
2. AAR Corp. (AIR): Provides products and services for the aviation, government, and defense markets worldwide. Revenues increased by 13.39% during the most recent quarter ($550.5M vs. $485.5M y/y), while the size of accounts receivable changed by -4.58% ($282.8M vs. $296.38M y/y). Receivables, as a percentage of current assets, decreased from 31.39% to 27.36% during the most recent quarter (time interval comparison 3 months ending 2012-08-31 to 3 months ending 2011-08-31).
3. Boeing Co. (BA): Engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. Revenues increased by 12.87% during the most recent quarter ($20,008M vs. $17,727M y/y), while the size of accounts receivable changed by -12.67% ($5,755M vs. $6,590M y/y). Receivables, as a percentage of current assets, decreased from 14.22% to 10.7% during the most recent quarter (time interval comparison 3 months ending 2012-09-30 to 3 months ending 2011-09-30).
4. Triumph Group, Inc. (TGI): Engages in the design, engineering, manufacture, repair, overhaul, and distribution of aircraft components. Revenues increased by 18.68% during the most recent quarter ($938.18M vs. $790.53M y/y), while the size of accounts receivable changed by 8.96% ($397.26M vs. $364.59M y/y). Receivables, as a percentage of current assets, decreased from 28.6% to 27.79% during the most recent quarter (time interval comparison 3 months ending 2012-09-30 to 3 months ending 2011-09-30).
5. Smith & Wesson Holding Corporation (SWHC): Offers metal processing services and manufactures firearms and handcuffs as well as apparel and sportsmen’s articles. Revenues increased by 47.95% during the most recent quarter ($136.56M vs. $92.3M y/y), while the size of accounts receivable changed by 7.57% ($63.24M vs. $58.79M y/y). Receivables, as a percentage of current assets, decreased from 30.52% to 30.12% during the most recent quarter (time interval comparison 3 months ending 2012-10-31 to 3 months ending 2011-10-31).
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