FOMI (Formation Minerals) Scaled Net Operating Assets: -11.13 (As of Jan. 2025)


What is Formation Minerals Scaled Net Operating Assets?

Formation Minerals FOMI Scaled Net Operating Assets is -11.13 as of Jan. 2025.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Formation Minerals's operating assets for the quarter that ended in Jan. 2025 was $0.37 Mil. Formation Minerals's operating liabilities for the quarter that ended in Jan. 2025 was $4.05 Mil. Formation Minerals's Total Assets for the quarter that ended in Oct. 2024 was $0.33 Mil. Therefore, Formation Minerals's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2025 was -11.13.

Formation Minerals Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Formation Minerals's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Formation Minerals Annual Data
Trend Apr21 Apr22 Apr23 Apr24
Scaled Net Operating Assets
-0.09 -0.47 -2.03 -15.08

Formation Minerals Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
Scaled Net Operating Assets 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 -34.53 0.00 -123.20 -8.21 -11.13

FOMI vs AVACF, COP, EOG: Scaled Net Operating Assets Comparison

For the Oil & Gas E&P subindustry, Formation Minerals's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Formation Minerals's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Formation Minerals's Scaled Net Operating Assets falls into.


Formation Minerals Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Formation Minerals's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Apr. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Apr. 2024 )
=(Operating Assets (A: Apr. 2024 )-Operating Liabilities (A: Apr. 2024 ))/Total Assets (A: Apr. 2023 )
=(0.015-0.618)/0.04
=-15.08

where

Operating Assets(A: Apr. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.015 - 0
=0.015

Operating Liabilities(A: Apr. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.848 - 0 - 0.23
=0.618

Formation Minerals's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jan. 2025 )
=(Operating Assets (Q: Jan. 2025 )-Operating Liabilities (Q: Jan. 2025 ))/Total Assets (Q: Oct. 2024 )
=(0.372-4.046)/0.33
=-11.13

where

Operating Assets(Q: Jan. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.372 - 0
=0.372

Operating Liabilities(Q: Jan. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4.346 - 0 - 0.3
=4.046

* 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 Scaled Net Operating Assets of -11.13 mean?
Formation Minerals (FOMI) has a Scaled Net Operating Assets of -11.13 as of Jan. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Formation Minerals and its competitors.
Is Formation Minerals' Scaled Net Operating Assets too high?
Formation Minerals' current Scaled Net Operating Assets is -11.13.
How does Formation Minerals' Scaled Net Operating Assets compare to AVACF and COP?
Formation Minerals' Scaled Net Operating Assets of -11.13 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 Scaled Net Operating Assets for an Oil & Gas company?
A good Scaled Net Operating Assets depends on the Oil & Gas industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Formation Minerals and its competitors. Formation Minerals's current Scaled Net Operating Assets is -11.13. 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 Scaled Net Operating Assets of -11.13. The current Scaled Net Operating Assets is -11.13. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Formation Minerals (FOMI), the current Scaled Net Operating Assets is -11.13 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.