Ocean Power Technologies (OPTT) Tax Rate (2011 - 2024)
Ocean Power Technologies (OPTT) posted Tax Rate of 16.15% for Q1 2024, up 270.02% sequentially from 4.37% in Q1 2023, and up 1179.0% YoY from 1.26% in Q1 2023.
Ocean Power Technologies (OPTT) Tax Rate (2011 - 2024) Analysis & Trends
Ocean Power Technologies has reported Tax Rate for 13 years, with the latest figure at 16.15% in Q1 2024.
- Quarterly Tax Rate rose 1179.0% year-over-year to 16.15% in Q1 2024, while the trailing twelve-month figure through Apr 2024 was 5.33% (down 106390.0% YoY) and the FY2025 annual result came in at 4.59%, up 22.0% from the prior year.
- Tax Rate climbed to 16.15% in Q1 2024 per OPTT's latest filing, from 4.37% in the prior quarter.
- Over five years, Tax Rate peaked at 25.27% in Q3 2021 and troughed at 5.31% in Q2 2022.
- A 4-year average of 10.12% and a median of 10.26% in 2023 frame the typical range for Tax Rate.
- The widest YoY moves for Tax Rate: up 1179 bps in 2024, down 1179 bps in 2024.
- Over 4 years, Tax Rate stood at 25.27% in 2021, then tumbled by 121 bps to 5.31% in 2022, then jumped by 182 bps to 4.37% in 2023, then jumped by 270 bps to 16.15% in 2024.
- According to Business Quant data, Tax Rate over the past three periods registered 16.15%, 4.37%, and 5.31% for Q1 2024, Q1 2023, and Q2 2022 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 256.94 Bn | 243.82 Bn | 2.36 Bn | 29.84% |
| 2 | Eaton | 163.14 Bn | 162.45 Bn | 2.86 Bn | 28.06% |
| 3 | Parker-Hannifin | 126.50 Bn | 126.02 Bn | 2.02 Bn | 19.21% |
| 4 | Emerson Electric | 87.87 Bn | 85.69 Bn | 2.66 Bn | 21.62% |
| 5 | Cummins | 81.13 Bn | 76.46 Bn | 2.47 Bn | 25.14% |
| 6 | Illinois Tool Works | 80.86 Bn | 80.02 Bn | 1.90 Bn | 24.54% |
| 7 | Ametek | 54.87 Bn | 54.38 Bn | 735.04 Mn | 17.36% |
| 8 | Rockwell Automation | 48.51 Bn | 48.03 Bn | 1.14 Bn | 13.19% |
| 9 | Ingersoll Rand | 31.31 Bn | 30.14 Bn | 862.60 Mn | 21.13% |
| 10 | Ocean Power Technologies | 36.77 Mn | 29.67 Mn | -755,000.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2024 | 16.15% |
| Jan 31, 2024 | 16.15% |
| Jan 31, 2024 | 16.15% |
| Jan 31, 2023 | 4.37% |
| Jan 31, 2023 | 4.37% |
| Jan 31, 2023 | 4.37% |
| Apr 30, 2022 | -5.31% |
| Apr 30, 2022 | -5.31% |
| Apr 30, 2022 | -5.31% |
| Jul 31, 2021 | 25.27% |
| Jul 31, 2021 | 25.27% |
| Jul 31, 2021 | 25.27% |
| Apr 30, 2019 | 67.86% |
| Apr 30, 2019 | 67.86% |
| Apr 30, 2019 | 67.86% |
| Jan 31, 2019 | -24.56% |
| Jan 31, 2019 | -24.56% |
| Jan 31, 2019 | -24.56% |
| Apr 30, 2018 | -28.88% |
| Apr 30, 2018 | -28.88% |