FOMI (Formation Minerals) Accounts Payable: $2.77 Mil (As of Jan. 2025)

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What is Formation Minerals Accounts Payable?

Formation Minerals FOMI Accounts Payable is $2.77 Mil as of Jan. 2025.

Formation Minerals's Accounts Payable for the quarter that ended in Jan. 2025 was $2.77 Mil.

Formation Minerals's quarterly Accounts Payable increased from Jul. 2024 ($1.78 Mil) to Oct. 2024 ($2.44 Mil) and increased from Oct. 2024 ($2.44 Mil) to Jan. 2025 ($2.77 Mil).

Formation Minerals's annual Accounts Payable increased from Apr. 2022 ($0.46 Mil) to Apr. 2023 ($0.54 Mil) but then declined from Apr. 2023 ($0.54 Mil) to Apr. 2024 ($0.34 Mil).

Formation Minerals Accounts Payable Related Terms

Formation Minerals Accounts Payable Historical Data

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The historical data trend for Formation Minerals's Accounts Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Formation Minerals Accounts Payable Chart

Formation Minerals Annual Data
Trend Apr21 Apr22 Apr23 Apr24
Accounts Payable
0.31 0.46 0.54 0.34

Formation Minerals Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
Accounts Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.29 0.34 1.78 2.44 2.77

Formation Minerals Accounts Payable Calculation

Accounts Payable represents any money that a company owes its suppliers for goods and services purchased on credit and is expected to pay within the next year or operating cycle.

Frequently Asked Questions Learn more about Accounts Payable →
What does a Accounts Payable of $2.77 Mil mean?
Formation Minerals (FOMI) has a Accounts Payable of $2.77 Mil as of Jan. 2025. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on Formation Minerals and its competitors.
Is Formation Minerals' Accounts Payable too high?
Formation Minerals' current Accounts Payable is $2.77 Mil.
How does Formation Minerals' Accounts Payable compare to AVACF and COP?
Formation Minerals' Accounts Payable of $2.77 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Payable for an Oil & Gas company?
A good Accounts Payable depends on the Oil & Gas industry context. However, Accounts Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Payable mean?
A high Accounts Payable can signal that a stock is expensive relative to its fundamentals. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on Formation Minerals and its competitors. Formation Minerals's current Accounts Payable is $2.77 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Formation Minerals stock overvalued right now?
Formation Minerals (FOMI) has a current Accounts Payable of $2.77 Mil. The current Accounts Payable is $2.77 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Payable calculated?
Accounts Payable is calculated from a company's financial statements. For Formation Minerals (FOMI), the current Accounts Payable is $2.77 Mil as of Jan. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Formation Minerals Business Description

Industry EnergyOil & Gas
Address P.O. Box 67, Jacksboro, TX, USA, 76458
Formation Minerals Inc is engaged in the acquisition and management of high-growth oil and gas minerals and royalties in the U.S. basins. The company is focused on providing returns through asset growth generated by acquisitions and organic growth of properties. Its portfolio includes the DJ Basin of Colorado and Wyoming, the Haynesville Shale of Louisiana, the Delaware and Permian Basin of Texas, the Marcellus and Utica shales in West Virginia, and the Anadarko Basin in Oklahoma.