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FOMI (Formation Minerals) Days Sales Outstanding : 82.86 (As of Oct. 2024)


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What is Formation Minerals Days Sales Outstanding?

Formation Minerals's average Accounts Receivable for the three months ended in Oct. 2024 was $0.08 Mil. Formation Minerals's Revenue for the three months ended in Oct. 2024 was $0.09 Mil. Hence, Formation Minerals's Days Sales Outstanding for the three months ended in Oct. 2024 was 82.86.

The historical rank and industry rank for Formation Minerals's Days Sales Outstanding or its related term are showing as below:

FOMI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 28.08   Med: 44.46   Max: 157.28
Current: 157.28

During the past 4 years, Formation Minerals's highest Days Sales Outstanding was 157.28. The lowest was 28.08. And the median was 44.46.

FOMI's Days Sales Outstanding is ranked worse than
89.42% of 907 companies
in the Oil & Gas industry
Industry Median: 47.25 vs FOMI: 157.28

Formation Minerals's Days Sales Outstanding increased from Oct. 2023 (1.55) to Oct. 2024 (82.86).

Formation Minerals Days Sales Outstanding Historical Data

The historical data trend for Formation Minerals's Days Sales Outstanding 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.

* Premium members only.

Formation Minerals Days Sales Outstanding Chart

Formation Minerals Annual Data
Trend Apr21 Apr22 Apr23 Apr24
Days Sales Outstanding
28.08 60.83 - -

Formation Minerals Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Days Sales Outstanding 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 1.55 - - 162.22 82.86

Competitive Comparison of Formation Minerals's Days Sales Outstanding

For the Oil & Gas E&P subindustry, Formation Minerals's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Formation Minerals's Days Sales Outstanding Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Formation Minerals's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Formation Minerals's Days Sales Outstanding falls into.


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Formation Minerals Days Sales Outstanding Calculation

Days Sales Outstanding measures 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.

Accounts Receivable can be measured by Days Sales Outstanding.

Formation Minerals's Days Sales Outstanding for the fiscal year that ended in Apr. 2024 is calculated as

Days Sales Outstanding (A: Apr. 2024 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Apr. 2023 ) + Accounts Receivable (A: Apr. 2024 )) / count ) / Revenue (A: Apr. 2024 )*Days in Period
=( (0 + 0) / 1 ) / 0.001*365
=0 / 0.001*365
=0.00

Formation Minerals's Days Sales Outstanding for the quarter that ended in Oct. 2024 is calculated as:

Days Sales Outstanding (Q: Oct. 2024 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Jul. 2024 ) + Accounts Receivable (A: Oct. 2024 )) / count ) / Revenue (A: Oct. 2024 )*Days in Period
=( (0.064 + 0.094) / 2 ) / 0.087*365 / 4
=0.079 / 0.087*365 / 4
=82.86

* 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  (OTCPK:FOMI) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Formation Minerals Days Sales Outstanding Related Terms

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Formation Minerals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Formation Minerals Inc (OTCPK:FOMI) » Definitions » Days Sales Outstanding
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Traded in Other Exchanges
N/A
Address
P.O. Box 67, Jacksboro, TX, USA, 76458
Website
https://www.formationminerals.com
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.
Executives
Erik Savenstrand director 505 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022
John Damien Trainor director, 10 percent owner, officer: Chief Executive Officer 505 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022