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Ocean Power Technologies (OPTT) Tax Rate (2017 - 2024)

Ocean Power Technologies (OPTT) has disclosed Tax Rate for 13 consecutive years, with 16.15% as the latest value for Q1 2024.

  • Quarterly Tax Rate rose 1179.0% to 16.15% in Q1 2024 from the year-ago period, while the trailing twelve-month figure was 5.33% through Apr 2024, up 429.0% year-over-year, with the annual reading at 4.59% for FY2025, 22.0% up from the prior year.
  • Tax Rate hit 16.15% in Q1 2024 for Ocean Power Technologies, up from 4.37% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 25.27% in Q3 2021 to a low of 5.31% in Q2 2022.
  • Historically, Tax Rate has averaged 10.12% across 4 years, with a median of 10.26% in 2023.
  • Biggest YoY gain for Tax Rate was 1179bps in 2024; the steepest drop was 1179bps in 2024.
  • Year by year, Tax Rate stood at 25.27% in 2021, then plummeted by -121bps to 5.31% in 2022, then skyrocketed by 182bps to 4.37% in 2023, then skyrocketed by 270bps to 16.15% in 2024.
  • Business Quant data shows Tax Rate for OPTT at 16.15% in Q1 2024, 4.37% in Q1 2023, and 5.31% in Q2 2022.