FOMI (Formation Minerals) Total Assets: $0.37 Mil (As of Jan. 2025)


What is Formation Minerals Total Assets?

Formation Minerals FOMI Total Assets is $0.37 Mil as of Jan. 2025.

Formation Minerals's Total Assets for the quarter that ended in Jan. 2025 was $0.37 Mil.

Total Assets is connected with ROA %. Formation Minerals's annualized ROA % for the quarter that ended in Jan. 2025 was -1,101.99%. Total Assets is also linked to Revenue through Asset Turnover. Formation Minerals's Asset Turnover for the quarter that ended in Jan. 2025 was 0.19.

Formation Minerals  (OTCPK:FOMI) Total Assets Explanation

Total Assets is connected with ROA %.

Formation Minerals's annualized ROA % for the quarter that ended in Jan. 2025 is

ROA %=Net Income (Q: Jan. 2025 )/( (Total Assets (Q: Oct. 2024 )+Total Assets (Q: Jan. 2025 ))/ count )
=-3.868/( (0.33+0.372)/ 2 )
=-3.868/0.351
=-1,101.99 %

Note: The Net Income data used here is four times the quarterly (Jan. 2025) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Formation Minerals's Asset Turnover for the quarter that ended in Jan. 2025 is

Asset Turnover
=Revenue (Q: Jan. 2025 )/( (Total Assets (Q: Oct. 2024 )+Total Assets (Q: Jan. 2025 ))/ count )
=0.065/( (0.33+0.372)/ 2 )
=0.065/0.351
=0.19

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Formation Minerals Total Assets Related Terms

Formation Minerals Total Assets Historical Data

* Premium members only.

The historical data trend for Formation Minerals's Total 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 Total Assets Chart

Formation Minerals Annual Data
Trend Apr21 Apr22 Apr23 Apr24
Total Assets
0.74 0.44 0.04 0.02

Formation Minerals Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
Total 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 0.00 0.02 0.33 0.33 0.37

Formation Minerals Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

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

Total Assets=Total Equity (A: Apr. 2024 )+Total Liabilities (A: Apr. 2024 )
=-0.834+0.848
=0.01

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

Total Assets=Total Equity (Q: Jan. 2025 )+Total Liabilities (Q: Jan. 2025 )
=-3.975+4.346
=0.37

* 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 Total Assets →
What does a Total Assets of $0.37 Mil mean?
Formation Minerals (FOMI) has a Total Assets of $0.37 Mil as of Jan. 2025. The total amount of assets as recorded on a company's balance sheet. View historical data on Formation Minerals and its competitors.
Is Formation Minerals' Total Assets too high?
Formation Minerals' current Total Assets is $0.37 Mil.
How does Formation Minerals' Total Assets compare to AVACF and COP?
Formation Minerals' Total Assets of $0.37 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 Total Assets for an Oil & Gas company?
A good Total Assets depends on the Oil & Gas industry context. However, Total 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 Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on Formation Minerals and its competitors. Formation Minerals's current Total Assets is $0.37 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 Total Assets of $0.37 Mil. The current Total Assets is $0.37 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Assets calculated?
Total Assets is calculated from a company's financial statements. For Formation Minerals (FOMI), the current Total Assets is $0.37 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.