Ocean Power Technologies (OPTT) Tax Rate (2011 - 2024)

Ocean Power Technologies has disclosed Tax Rate across 13 years of filings, most recently posting 16.15% for Q1 2024.

• Tax Rate for Q1 2024 came in at 16.15%, up 1179.0% year-over-year; the trailing twelve-month figure through Apr 2024 was 5.33% (up 429.0% YoY), and the FY2025 annual result was 4.59%, up 22.0% from the prior year.
• Tax Rate came in at 16.15% for Q1 2024 at 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.
• The 4-year median for Tax Rate is 10.26% (2023), against an average of 10.12%.
• Peak annual rise in Tax Rate reached 1179 bps in 2024, while the deepest fall reached 1179 bps in 2024.
• Ocean Power Technologies' Tax Rate stood at 25.27% in 2021, then tumbled by 121 bps to 5.31% in 2022, then surged by 182 bps to 4.37% in 2023, then surged by 270 bps to 16.15% in 2024.
• The last three Tax Rate figures came in at 16.15% (Q1 2024), 4.37% (Q1 2023), and 5.31% (Q2 2022), per Business Quant data.