Cannovum Cannabis annual gross margin
2019
2020
Cannovum Cannabis Gross Margin Growth & History (27N0)
Cannovum Cannabis's gross margin was 0.00% for fiscal 2020.
View full Cannovum Cannabis company overviewCannovum Cannabis annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2020 | 2020-12-31 | 0.00% | −22.22 pp |
| 2019 | 2019-12-31 | 22.22% | — |
Cannovum Cannabis gross margin trends
Between the periods ended 2019-12-31 and 2020-12-31, Cannovum Cannabis's gross margin decreased from 22.22% to 0.00%, a change of −22.22 percentage points.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as reported gross profit divided by reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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