FOMI (Formation Minerals) Change In Receivables: $-0.09 Mil (TTM As of Jan. 2025)

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What is Formation Minerals Change In Receivables?

Formation Minerals FOMI Change In Receivables is $-0.09 Mil as of Jan. 2025.

Formation Minerals's change in receivables for the quarter that ended in Jan. 2025 was $-0.04 Mil. It means Formation Minerals's Accounts Receivable increased by $0.04 Mil from Oct. 2024 to Jan. 2025 .

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

Formation Minerals's Accounts Receivable for the quarter that ended in Jan. 2025 was $0.13 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Formation Minerals's Days Sales Outstanding for the three months ended in Jan. 2025 was 188.12.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Formation Minerals's liquidation value for the three months ended in Jan. 2025 was $-4.25 Mil.

Formation Minerals  (OTCPK:FOMI) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Formation Minerals's Days Sales Outstanding for the quarter that ended in Jan. 2025 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.134/0.065*91
=188.12

2. In Ben Graham's calculation of liquidation value, Formation Minerals's accounts receivable are only considered to be worth 75% of book value:

Formation Minerals's liquidation value for the quarter that ended in Jan. 2025 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0-4.346+0.75 * 0.134+0.5 * 0
=-4.25

* 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 Receivables Related Terms

Formation Minerals Change In Receivables Historical Data

* Premium members only.

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

Formation Minerals Annual Data
Trend Apr21 Apr22 Apr23 Apr24
Change In Receivables
-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 Receivables 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 -0.02 0.00 -0.03 -0.04

Formation Minerals Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables 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 $-0.09 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 Receivables →
What does a Change In Receivables of $-0.09 Mil mean?
Formation Minerals (FOMI) has a Change In Receivables of $-0.09 Mil as of Jan. 2025. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Formation Minerals and its competitors.
Is Formation Minerals' Change In Receivables too high?
Formation Minerals' current Change In Receivables is $-0.09 Mil.
How does Formation Minerals' Change In Receivables compare to AVACF and COP?
Formation Minerals' Change In Receivables of $-0.09 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 Receivables for an Oil & Gas company?
A good Change In Receivables depends on the Oil & Gas industry context. However, Change In Receivables 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 Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Formation Minerals and its competitors. Formation Minerals's current Change In Receivables is $-0.09 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 Receivables of $-0.09 Mil. The current Change In Receivables is $-0.09 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For Formation Minerals (FOMI), the current Change In Receivables is $-0.09 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.