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

Ocean Power Technologies' Tax Rate history spans 13 years, with the latest figure at 16.15% for Q1 2024.

  • On a quarterly basis, Tax Rate rose 1179.0% to 16.15% in Q1 2024 year-over-year; TTM through Apr 2024 was 5.33%, a 429.0% increase, with the full-year FY2025 number at 4.59%, up 22.0% from a year prior.
  • Tax Rate hit 16.15% in Q1 2024 for Ocean Power Technologies, up from 4.37% in the prior quarter.
  • Over the last five years, Tax Rate for OPTT hit a ceiling of 25.27% in Q3 2021 and a floor of 5.31% in Q2 2022.
  • Historically, Tax Rate has averaged 10.12% across 4 years, with a median of 10.26% in 2023.
  • The widest YoY moves for Tax Rate: up 1179bps in 2024, down 1179bps in 2024.
  • Tracing OPTT's Tax Rate over 4 years: stood at 25.27% in 2021, then crashed by -121bps to 5.31% in 2022, then soared by 182bps to 4.37% in 2023, then soared 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.