FOMI (Formation Minerals) Change In Inventory: $0.00 Mil (TTM As of Jan. 2025)

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What is Formation Minerals Change In Inventory?

Formation Minerals FOMI Change In Inventory is $0.00 Mil as of Jan. 2025.

Formation Minerals's change in inventory for the quarter that ended in Jan. 2025 was $0.00 Mil. It means Formation Minerals's inventory stayed the same from Oct. 2024 to Jan. 2025 .

Formation Minerals's change in inventory for the fiscal year that ended in Apr. 2024 was $0.00 Mil. It means Formation Minerals's inventory stayed the same from Apr. 2023 to Apr. 2024 .

Formation Minerals's Total Inventories for the quarter that ended in Jan. 2025 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Formation Minerals's Days Inventory for the quarter that ended in Jan. 2025 was 0.00.

Inventory Turnover measures how fast the company turns over its inventory within a year.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Formation Minerals's Inventory-to-Revenue for the quarter that ended in Jan. 2025 was 0.00.

Formation Minerals  (OTCPK:FOMI) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Formation Minerals's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=0/0.014*365 / 4
=0.00

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Formation Minerals's Inventory Turnover for the quarter that ended in Jan. 2025 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=0.014 / 0
=N/A

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Formation Minerals's Inventory to Revenue for the quarter that ended in Jan. 2025 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0 / 0.065
=0.00

* 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 Change In Inventory Related Terms

Formation Minerals Change In Inventory Historical Data

* Premium members only.

The historical data trend for Formation Minerals's Change In Inventory 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 Change In Inventory Chart

Formation Minerals Annual Data
Trend Apr21 Apr22 Apr23 Apr24
Change In Inventory
0.00 0.00 0.00 0.00

Formation Minerals Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
Change In Inventory 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 0.00 0.00 0.00 0.00 0.00

Formation Minerals Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jan. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of $0.00 Mil mean?
Formation Minerals (FOMI) has a Change In Inventory of $0.00 Mil as of Jan. 2025. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Formation Minerals and its competitors.
Is Formation Minerals' Change In Inventory too high?
Formation Minerals' current Change In Inventory is $0.00 Mil.
How does Formation Minerals' Change In Inventory compare to AVACF and COP?
Formation Minerals' Change In Inventory of $0.00 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 Change In Inventory for an Oil & Gas company?
A good Change In Inventory depends on the Oil & Gas industry context. However, Change In Inventory 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 Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Formation Minerals and its competitors. Formation Minerals's current Change In Inventory is $0.00 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 Change In Inventory of $0.00 Mil. The current Change In Inventory is $0.00 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For Formation Minerals (FOMI), the current Change In Inventory is $0.00 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.