Life360 (ASX:360) Days Inventory : 38.82 (As of Sep. 2024)

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What is Life360 Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Life360's Average Total Inventories for the three months ended in Sep. 2024 was A$14.4 Mil. Life360's Cost of Goods Sold for the three months ended in Sep. 2024 was A$33.8 Mil. Hence, Life360's Days Inventory for the three months ended in Sep. 2024 was 38.82.

The historical rank and industry rank for Life360's Days Inventory or its related term are showing as below:

ASX:360' s Days Inventory Range Over the Past 10 Years
Min: 29.39 Med: 32.21 Max: 33.34
Current: 33.34

During the past 6 years, Life360's highest Days Inventory was 33.34. The lowest was 29.39. And the median was 32.21.

ASX:360's Days Inventory is ranked worse than
60% of 1555 companies
in the Software industry
Industry Median: 18.72 vs ASX:360: 33.34

Life360's Days Inventory declined from Sep. 2023 (45.95) to Sep. 2024 (38.82).

Inventory Turnover measures how fast the company turns over its inventory within a year. Life360's Inventory Turnover for the three months ended in Sep. 2024 was 2.35.

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. Life360's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.10.

Life360 Days Inventory Historical Data

The historical data trend for Life360'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.

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Life360 Days Inventory Chart

Life360 Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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32.21

29.13

33.07

Life360 Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															45.95	26.34	25.94	25.70	38.82

Competitive Comparison of Life360's Days Inventory

For the Software - Application subindustry, Life360'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.

Life360's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Life360's Days Inventory distribution charts can be found below:

* The bar in red indicates where Life360's Days Inventory falls into.

Life360 Days Inventory Calculation

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

Life360's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (16.044	+	6.124)	/	2 )	/	122.33	*	365
=	11.084					/	122.33	*	365
=	33.07

Life360's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (8.351	+	20.365)	/	2 )	/	33.754	*	365 / 4
=	14.358					/	33.754	*	365 / 4
=	38.82

Life360 (ASX:360) 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.

Life360's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	33.754	/	14.358
	=	2.35

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.

Life360's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	14.358	/	137.162
	=	0.10

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.

Life360 Days Inventory Related Terms

Thank you for viewing the detailed overview of Life360's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Life360 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Life360 Inc (ASX:360) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

LIF:USA LIFX:USA L36:Germany

Address

1900 South Norfolk Street, Suite 310, San Mateo, CA, USA, 94403

Website

https://www.life360.com

Life360 is the world's largest family-focused social network, with over 50 million monthly active users. Security-conscious families use the Life360 app to track each other's whereabouts and to track the location of their pets and personal belongings. Life360 also offers a suite of additional security features, such as driver safety monitoring, roadside assistance, and emergency dispatching. In the US, the Life360 app regularly ranks in the top 10 most popular social-networking apps and in the top 25 across all apps in terms of daily active users.

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