Panels are labeled with both "space" and "circuit" counts. If your panel will accept tandem breakers, it could supply up to 64 circuits even with only 40 spaces.I know it's 200 amp but not sure what the 64 means
Don't rely on the cover for how many spaces are left. Seen some where the owner said "I've got 4 spaces left". But you open panel and there is no more bus spaces left, its full. Then you have to tell the customer that to add what he wants you have to add another panel, and he wants to argue that there is still 4 spaces left "just look at the cover".Again, that is the panel cover which can be used on several panels. The cover needs to be removed in order to see the actual panel/interior part number.