FOMI (Formation Minerals) Other Operating Expense: $-0.19 Mil (TTM As of Jan. 2025)

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What is Formation Minerals Other Operating Expense?

Formation Minerals FOMI Other Operating Expense is $-0.19 Mil as of Jan. 2025.

Formation Minerals's Other Operating Expense for the three months ended in Jan. 2025 was $0.00 Mil. Its Other Operating Expense for the trailing twelve months (TTM) ended in Jan. 2025 was $-0.19 Mil.

Formation Minerals's annual Other Operating Expense increased from Apr. 2022 ($-0.00 Mil) to Apr. 2023 ($0.00 Mil) but then declined from Apr. 2023 ($0.00 Mil) to Apr. 2024 ($-0.00 Mil).

Formation Minerals Other Operating Expense Historical Data

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The historical data trend for Formation Minerals's Other Operating Expense 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 Other Operating Expense Chart

Formation Minerals Annual Data
Trend Apr21 Apr22 Apr23 Apr24
Other Operating Expense
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
Other Operating Expense 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 0.01 -0.19 0.00 0.00 0.00

Formation Minerals Other Operating Expense Calculation

GuruFocus uses a standardized financial statement format for all companies. For non-financial companies, GuruFocus lists Selling, General, & Admin. Expense, , Research & Development, and Other Operating Expense under the "Total Operating Expense" section.

Other Operating Expense sometimes includes:
Restructuring, and merger
Acquisition related and other
Litigation settlement charge
Other (too numerous to list)

Some companies can and do choose to report each of these items separately. Yet, there are a variety of Other Operating Expense which are simply too numerous to list.

Other Operating Expense 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 $-0.19 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.

What does a Other Operating Expense of $-0.19 Mil mean?
Formation Minerals (FOMI) has a Other Operating Expense of $-0.19 Mil as of Jan. 2025. Other operating expenses that a company records on its income statement. View historical data on Formation Minerals and its competitors.
Is Formation Minerals' Other Operating Expense too high?
Formation Minerals' current Other Operating Expense is $-0.19 Mil.
How does Formation Minerals' Other Operating Expense compare to AVACF and COP?
Formation Minerals' Other Operating Expense of $-0.19 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 Other Operating Expense for an Oil & Gas company?
A good Other Operating Expense depends on the Oil & Gas industry context. However, Other Operating Expense 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 Other Operating Expense mean?
A high Other Operating Expense can signal that a stock is expensive relative to its fundamentals. Other operating expenses that a company records on its income statement. View historical data on Formation Minerals and its competitors. Formation Minerals's current Other Operating Expense is $-0.19 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 Other Operating Expense of $-0.19 Mil. The current Other Operating Expense is $-0.19 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Other Operating Expense calculated?
Other Operating Expense is calculated from a company's financial statements. For Formation Minerals (FOMI), the current Other Operating Expense is $-0.19 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.