Latch (LTCH) Days Inventory : 107.16 (As of Mar. 2022)

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What is Latch Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Latch's Average Total Inventories for the three months ended in Mar. 2022 was $15.31 Mil. Latch's Cost of Goods Sold for the three months ended in Mar. 2022 was $13.03 Mil. Hence, Latch's Days Inventory for the three months ended in Mar. 2022 was 107.16.

The historical rank and industry rank for Latch's Days Inventory or its related term are showing as below:

LTCH's Days Inventory is not ranked ^*
in the Software industry.
Industry Median: 21.65
* Ranked among companies with meaningful Days Inventory only.

Latch's Days Inventory declined from Mar. 2021 (122.81) to Mar. 2022 (107.16).

Inventory Turnover measures how fast the company turns over its inventory within a year. Latch's Inventory Turnover for the three months ended in Mar. 2022 was 0.85.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Latch's Inventory-to-Revenue for the three months ended in Mar. 2022 was 1.12.

Latch Days Inventory Historical Data

The historical data trend for Latch's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Latch Days Inventory Chart

Latch Annual Data

Trend

Dec19

Dec20

Dec21

Days Inventory

149.56

82.50

Latch Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Days Inventory	Get a 7-Day Free Trial			122.81	99.27	77.49	53.30	107.16

Competitive Comparison of Latch's Days Inventory

For the Software - Application subindustry, Latch's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Latch's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Latch's Days Inventory distribution charts can be found below:

* The bar in red indicates where Latch's Days Inventory falls into.

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Latch Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Latch's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as

	Days Inventory (A: Dec. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (8.293	+	11.615)	/	2 )	/	44.038	*	365
=	9.954					/	44.038	*	365
=	82.50

Latch's Days Inventory for the quarter that ended in Mar. 2022 is calculated as:

	Days Inventory (Q: Mar. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2021 )	+	Total Inventories (Q: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2022 )	*	Days in Period
=	( (11.615	+	18.996)	/	2 )	/	13.033	*	365 / 4
=	15.3055					/	13.033	*	365 / 4
=	107.16

Latch (OTCPK:LTCH) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Latch's Inventory Turnover for the three months ended in Mar. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	13.033	/	15.3055
	=	0.85

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Latch's Inventory to Revenue for the three months ended in Mar. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	15.3055	/	13.655
	=	1.12

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Latch Days Inventory Related Terms

Thank you for viewing the detailed overview of Latch's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Latch Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Latch Inc (OTCPK:LTCH) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1220 N. Price Road, Suite 2, Olivette, MO, USA, 63132

Website

https://www.latch.com

Latch Inc is a technology company predominantly serving the multifamily rental home market segment of the smart building industry by deploying hardware and software technology to digitize manual processes, including building and unit access and in-unit device control. It has designed and developed a cloud-based software-as-a-service (SaaS) platform, the Latch Platform to address the access requirements of modern multifamily buildings. The company offers various products such as Latch Cameras, Latch Locks, Latch interconnects, Smart sensors, and accessories which the user can connect with the Latch platform to manage building and unit access. Its customers include real estate developers, builders, building owners, and property managers in the United States and Canada.

Executives

Keyes John J Iv	officer: Interim CEO	C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Marc E Landy	officer: Interim CFO	C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Junji Nakamura	officer: Chief Accounting Officer	C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Barry Schaeffer	officer: Interim CFO & Treasurer	C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Josh Wolfe	10 percent owner	C/O LUX HEALTH TECH ACQUISITION CORP., 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010
Garth Mitchell	officer: CFO & Treasurer	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Raju Rishi	director	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Ali Hussain	officer: Chief Operating Officer	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Michael Brian Jones	officer: Chief Technology Officer	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
J. Allen Smith	director	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Andrew Sugrue	director	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Luke Schoenfelder	director, officer: Chief Executive Officer	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Reynolds James Madison Iv	10 percent owner	C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Avenir Latch Investors, Llc	10 percent owner	C/O AVENIR MANAGEMENT COMPANY, LLC, 135 FIFTH AVENUE, 7TH FLOOR, NEW YORK NY 10010
Avenir Management Company, Llc	10 percent owner	817 BROADWAY, 12TH FLOOR, NEW YORK NY 10003