FOMI (Formation Minerals) Inventory Turnover: 0.00 (As of Jan. 2025)


What is Formation Minerals Inventory Turnover?

Formation Minerals FOMI Inventory Turnover is 0.00 as of Jan. 2025.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Formation Minerals's Cost of Goods Sold for the three months ended in Jan. 2025 was $0.01 Mil. Formation Minerals's Average 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 three months ended in Jan. 2025 was 0.00.

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) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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 three months ended in Jan. 2025 is calculated as:

Days Inventory =Average Total Inventories (Q: Jan. 2025 )/Cost of Goods Sold (Q: Jan. 2025 )*Days in Period
=0/0.014*365 / 4
=0.00

2. 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 (Q: Jan. 2025 ) / Revenue (Q: Jan. 2025 )
=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.

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Formation Minerals Inventory Turnover Related Terms

Formation Minerals Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Formation Minerals's Inventory Turnover 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 Inventory Turnover Chart

Formation Minerals Annual Data
Trend Apr21 Apr22 Apr23 Apr24
Inventory Turnover
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
Inventory Turnover 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 Inventory Turnover Calculation

Formation Minerals's Inventory Turnover for the fiscal year that ended in Apr. 2024 is calculated as

Inventory Turnover (A: Apr. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Apr. 2024 ) / ((Total Inventories (A: Apr. 2023 ) + Total Inventories (A: Apr. 2024 )) / count )
=0 / ((0 + 0) / 1 )
=0 / 0
=N/A

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

Inventory Turnover (Q: Jan. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jan. 2025 ) / ((Total Inventories (Q: Oct. 2024 ) + Total Inventories (Q: Jan. 2025 )) / count )
=0.014 / ((0 + 0) / 1 )
=0.014 / 0
=N/A

* 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 Inventory Turnover →
What does a Inventory Turnover of 0.00 mean?
Formation Minerals (FOMI) has a Inventory Turnover of 0.00 as of Jan. 2025. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Formation Minerals and its competitors.
Is Formation Minerals' Inventory Turnover too high?
Formation Minerals' current Inventory Turnover is 0.00.
How does Formation Minerals' Inventory Turnover compare to AVACF and COP?
Formation Minerals' Inventory Turnover of 0.00 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 Inventory Turnover for an Oil & Gas company?
A good Inventory Turnover depends on the Oil & Gas industry context. However, Inventory Turnover 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 Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Formation Minerals and its competitors. Formation Minerals's current Inventory Turnover is 0.00. 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 Inventory Turnover of 0.00. The current Inventory Turnover is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Formation Minerals (FOMI), the current Inventory Turnover is 0.00 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.