A Hidden Reason That Mitel Networks Corporation (MITL)’s Earnings Are Outstanding

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Considering the numbers on a quarterly basis, the CCC trend at Mitel Networks Corporation (NASDAQ:MITL) looks good. At 6.4 days, it is 71.1 days better than the average of the past eight quarters. With both 12-month and quarterly CCC running better than average, Mitel Networks gets high marks in this cash-conversion checkup.

Though the CCC can take a little work to calculate, it’s definitely worth watching every quarter. You’ll be better informed about potential problems, and you’ll improve your odds of finding underappreciated home run stocks.

The article A Hidden Reason That Mitel Networks’s Earnings Are Outstanding originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned.

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