TREES Corp (Colorado) (CANN) Gross Margin (2012 - 2024)
TREES Corp (Colorado) (CANN) posted Gross Margin of 40.87% for Q3 2024, down 24.68% sequentially from 54.26% in Q2 2024, and up 27.0% YoY from 32.18% in Q4 2023.
TREES Corp (Colorado) (CANN) Gross Margin (2012 - 2024) Analysis & Trends
TREES Corp (Colorado) has reported Gross Margin for 13 years, with the latest figure at 40.87% in Q3 2024.
- Quarterly Gross Margin rose 27.0% year-over-year to 40.87% in Q3 2024, while the trailing twelve-month figure through Sep 2024 was 40.23% (up 465.0% YoY) and the FY2023 annual result came in at 36.24%, up 4.0% from the prior year.
- Gross Margin eased to 40.87% in Q3 2024 per CANN's latest filing, from 54.26% in the prior quarter.
- Over five years, Gross Margin peaked at 62.93% in Q3 2020 and troughed at 11.55% in Q3 2021.
- A 5-year average of 34.68% and a median of 36.63% in 2023 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2021 and 2022: Gross Margin slumped 5137 bps in 2021, then soared 2557 bps in 2022.
- Over 5 years, Gross Margin stood at 19.05% in 2020, then surged by 81 bps to 34.48% in 2021, then plunged by 38 bps to 21.34% in 2022, then climbed by 21 bps to 25.76% in 2023, then surged by 59 bps to 40.87% in 2024.
- According to Business Quant data, Gross Margin over the past three periods registered 40.87%, 54.26%, and 40.61% for Q3 2024, Q2 2024, and Q1 2024 respectively.
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Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | 40.87% |
| Jun 30, 2024 | 54.26% |
| Mar 31, 2024 | 40.61% |
| Dec 31, 2023 | 25.76% |
| Sep 30, 2023 | 40.59% |
| Jun 30, 2023 | 36.63% |
| Mar 31, 2023 | 40.17% |
| Dec 31, 2022 | 21.34% |
| Sep 30, 2022 | 35.90% |
| Jun 30, 2022 | 46.05% |
| Mar 31, 2022 | 41.93% |
| Dec 31, 2021 | 34.48% |
| Sep 30, 2021 | 11.55% |
| Jun 30, 2021 | 26.79% |
| Mar 31, 2021 | 16.36% |
| Dec 31, 2020 | 19.05% |
| Sep 30, 2020 | 62.93% |
| Jun 30, 2020 | 49.28% |
| Mar 31, 2020 | 14.43% |
| Dec 31, 2019 | 32.85% |