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

Ocean Power Technologies (OPTT) has 13 years of Tax Rate data on file, last reported at 16.15% in Q1 2024.

• For the quarter ending Q1 2024, Tax Rate rose 1179.0% year-over-year to 16.15%; the trailing twelve-month figure through Apr 2024 stood at 5.33% (down 106390.0% YoY), and the FY2025 full-year result was 4.59%, up 22.0% from the prior year.
• Tax Rate climbed to 16.15% in Q1 2024, 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.
• A 4-year average of 10.12% and a median of 10.26% in 2023 frame the typical range for Tax Rate.
• Peak annual rise in Tax Rate reached 1179 bps in 2024, while the deepest fall reached 1179 bps in 2024.
• Tracing OPTT's Tax Rate over 4 years: stood at 25.27% in 2021, then plunged 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.
• Business Quant data shows OPTT's Tax Rate at 16.15% in Q1 2024, 4.37% in Q1 2023, and 5.31% in Q2 2022.