Ocean Power Technologies (OPTT) Tax Provisions (2011 - 2024)
Ocean Power Technologies (OPTT) posted Tax Provisions of -$1.3 million for Q1 2024, down 351.08% sequentially from -$278000.0 in Q1 2023, and down 351.08% YoY from $499444.1 in Q1 2023.
Ocean Power Technologies (OPTT) Tax Provisions (2011 - 2024) Analysis & Trends
Ocean Power Technologies has reported Tax Provisions for 13 years, with the latest figure at -$1.3 million in Q1 2024.
- Quarterly Tax Provisions fell 351.08% year-over-year to -$1.3 million in Q1 2024, while the trailing twelve-month figure through Apr 2024 was -$1.5 million (down 451.08% YoY) and the FY2025 annual result came in at -$1.0 million, up 17.54% from the prior year.
- Tax Provisions eased to -$1.3 million in Q1 2024 per OPTT's latest filing, from -$278000.0 in the prior quarter.
- Over five years, Tax Provisions peaked at -$278000.0 in Q1 2023 and troughed at -$1.3 million in Q1 2024.
- A 4-year average of -$838750.0 and a median of -$911500.0 in 2021 frame the typical range for Tax Provisions.
- The widest YoY moves for Tax Provisions: up 351.08% in 2024, down 351.08% in 2024.
- Over 4 years, Tax Provisions stood at -$1.0 million in 2021, then rose by 24.88% to -$782000.0 in 2022, then jumped by 64.45% to -$278000.0 in 2023, then plunged by 351.08% to -$1.3 million in 2024.
- According to Business Quant data, Tax Provisions over the past three periods registered -$1.3 million, -$278000.0, and -$782000.0 for Q1 2024, Q1 2023, and Q2 2022 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 256.94 Bn | 243.82 Bn | 2.36 Bn | 276.00 Mn |
| 2 | Eaton | 163.14 Bn | 162.45 Bn | 2.86 Bn | 321.00 Mn |
| 3 | Parker-Hannifin | 126.50 Bn | 126.02 Bn | 2.02 Bn | 215.00 Mn |
| 4 | Emerson Electric | 87.87 Bn | 85.69 Bn | 2.66 Bn | 198.00 Mn |
| 5 | Cummins | 81.13 Bn | 76.46 Bn | 2.47 Bn | 325.00 Mn |
| 6 | Illinois Tool Works | 80.86 Bn | 80.02 Bn | 1.90 Bn | 265.00 Mn |
| 7 | Ametek | 54.87 Bn | 54.38 Bn | 735.04 Mn | 85.48 Mn |
| 8 | Rockwell Automation | 48.51 Bn | 48.03 Bn | 1.14 Bn | 62.00 Mn |
| 9 | Ingersoll Rand | 31.31 Bn | 30.14 Bn | 862.60 Mn | 69.10 Mn |
| 10 | Ocean Power Technologies | 36.77 Mn | 29.67 Mn | -755,000.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2024 | -1.25 Mn |
| Jan 31, 2023 | -278,000.00 |
| Apr 30, 2022 | -782,000.00 |
| Jul 31, 2021 | -1.04 Mn |
| Apr 30, 2019 | -1.70 Mn |
| Jan 31, 2019 | 850,000.00 |
| Apr 30, 2018 | -2.24 Mn |
| Jan 31, 2018 | 1.12 Mn |
| Jan 31, 2017 | -698,000.00 |
| Jan 31, 2016 | -1.67 Mn |
| Jan 31, 2015 | -1.14 Mn |
| Jan 31, 2014 | -1.75 Mn |
| Jan 31, 2013 | -1.45 Mn |
| Jan 31, 2012 | -1.05 Mn |
| Jan 31, 2011 | -364,105.00 |