Ocean Freight Revenue was High-Trend International’s largest product and service line in fiscal 2023, bringing in $283.57M of $285.77M (99%).
| Product and Service | FY 2020 | FY 2021 | FY 2022 | FY 2023 |
|---|---|---|---|---|
| Ocean Freight Revenue | $231.91M | $330.34M | $534.38M | $283.57M |
| Vessel Service Revenue | $3.15M | $35.54M | $21.67M | $2.20M |
| Total | $235.05M | $365.88M | $556.05M | $285.77M |
High-Trend International brought in $285.77M from its two product and service lines in fiscal 2023, the year ended October 31, 2023. That was down 48.6% from $556.05M in fiscal 2022. Ocean Freight Revenue was the largest at $283.57M (99.2%), ahead of Vessel Service Revenue at $2.20M (0.8%).
From fiscal 2020 to 2023, combined revenue from these lines grew from $235.05M to $285.77M, a compound annual growth rate of 6.7%. Ocean Freight Revenue's share of the total rose from 98.7% to 99.2%.
High-Trend International (HTCO) reports its revenue by product and service. In fiscal 2023, Ocean Freight Revenue was its largest product and service line, bringing in $283.57M (99.2% of the total), followed by Vessel Service Revenue at $2.20M (0.8%).
Ocean Freight Revenue was High-Trend International's largest product and service line in fiscal 2023, bringing in $283.57M, or 99.2% of the $285.77M total across its two product and service lines.
Every figure comes from High-Trend International's annual financial filings, as reported. Each line keeps the name High-Trend International gives it, and years follow its fiscal calendar.
High-Trend International's revenue by product and service goes back to fiscal 2020, with figures through fiscal 2023. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.