Using SharePoint Lists for a Power App Data Store

Hi, all. I am designing an inventory app and I am considering using sharepoint list as my data store. Question: What is the row capacity of a sharepoint list. I anticipate having 216 row entries per day with each row containing 8 items.

Quick math: 216 row entries per day X 300 days = 64,800 rows X 8 items per row = 518,400 items total

Is this possible and advisable? Should I consider another data store?