Ocean Power Technologies (OPTT) Tax Provisions (2011 - 2024)
Ocean Power Technologies' (OPTT) quarterly Tax Provisions came in at -$1.3 million in Q1 2024, down 351.08% year-on-year from $499444.1 in Q1 2023, and down 351.08% quarter-over-quarter from -$278000.0 in Q1 2023.
Ocean Power Technologies (OPTT) Tax Provisions (2011 - 2024) Analysis & Trends
Ocean Power Technologies has disclosed Tax Provisions across 13 years of filings, most recently posting -$1.3 million for Q1 2024.
- Tax Provisions for Q1 2024 came in at -$1.3 million, down 351.08% year-over-year; the trailing twelve-month figure through Apr 2024 was -$1.5 million (down 451.08% YoY), and the FY2025 annual result was -$1.0 million, up 17.54% from the prior year.
- Tax Provisions came in at -$1.3 million for Q1 2024 at Ocean Power Technologies, down from -$278000.0 in the prior quarter.
- In the past five years, Tax Provisions ranged from a high of -$278000.0 in Q1 2023 to a low of -$1.3 million in Q1 2024.
- The 4-year median for Tax Provisions is -$911500.0 (2021), against an average of -$838750.0.
- Peak annual rise in Tax Provisions reached 351.08% in 2024, while the deepest fall reached 351.08% in 2024.
- Ocean Power Technologies' Tax Provisions stood at -$1.0 million in 2021, then grew by 24.88% to -$782000.0 in 2022, then surged by 64.45% to -$278000.0 in 2023, then plunged by 351.08% to -$1.3 million in 2024.
- The last three Tax Provisions figures came in at -$1.3 million (Q1 2024), -$278000.0 (Q1 2023), and -$782000.0 (Q2 2022), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 251.14 Bn | 242.11 Bn | 1.78 Bn | 354.00 Mn |
| 2 | Eaton | 153.70 Bn | 153.00 Bn | 2.65 Bn | 240.00 Mn |
| 3 | Parker-Hannifin | 111.44 Bn | 110.97 Bn | 2.02 Bn | 215.00 Mn |
| 4 | Cummins | 90.06 Bn | 87.33 Bn | 2.24 Bn | 254.00 Mn |
| 5 | Emerson Electric | 77.51 Bn | 75.74 Bn | 2.42 Bn | 175.00 Mn |
| 6 | Illinois Tool Works | 72.86 Bn | 72.03 Bn | 1.76 Bn | 199.00 Mn |
| 7 | Ametek | 51.86 Bn | 51.38 Bn | 717.56 Mn | 93.62 Mn |
| 8 | Rockwell Automation | 50.08 Bn | 49.71 Bn | 1.13 Bn | 89.00 Mn |
| 9 | Dover | 28.99 Bn | 27.35 Bn | 798.14 Mn | 60.15 Mn |
| 10 | Ocean Power Technologies | 56.95 Mn | 49.89 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 |