Panacea Life Sciences Holdings Gross Margin Growth & History (PLSH)

Panacea Life Sciences Holdings's gross margin was 47.04% for fiscal 2023.

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Panacea Life Sciences Holdings annual gross margin history

Panacea Life Sciences Holdings annual gross margin

Fiscal yearPeriod endedGross marginChange (percentage points)
20232023-12-3147.04%+22.68 pp
20222022-12-3124.37%−1.88 pp
20212021-12-3126.25%+4.10 pp
20202020-12-3122.15%+514.07 pp
20192019-12-31−491.92%

Panacea Life Sciences Holdings gross margin trends

Across the available reported history, Panacea Life Sciences Holdings's gross margin increased from 24.37% to 47.04%, a change of +22.68 percentage points. The latest reported quarter, Q1 2024, shows 63.06%.

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 SEC-reported gross profit divided by SEC-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.

Review Panacea Life Sciences Holdings filings at SEC.gov ↗