Formation Minerals, Inc.
Formation Minerals, Inc. engages in the acquisitions and development of oil and gas mineral. It owns royalty interests and holds a non-operated working interest in the oil and gas operations in the United States. The company is based in Jacksboro, Texas.
Formation Minerals, Inc. (FOMI) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of January 2025: 0.025x
Based on the latest financial reports, Formation Minerals, Inc. (FOMI) has a cash flow conversion efficiency ratio of 0.025x as of January 2025.
Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($-97.75K) by net assets ($-3.97 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Formation Minerals, Inc. - Cash Flow Conversion Efficiency Trend (2021–2024)
This chart illustrates how Formation Minerals, Inc.'s cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
Formation Minerals, Inc. Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Formation Minerals, Inc. ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
MONEX GROUP
BE:NNL
|
-0.059x |
|
CITY OF LON INV
BE:W8T
|
N/A |
|
180 DEGREE CAP. DL-01
F:HH20
|
N/A |
|
Ridgefield Acquisition Corp
PINK:RDGA
|
0.046x |
|
AUCKLAND INTL AIRPORT LTD
BE:BZTA
|
N/A |
|
ARISE (A4W.SG)
STU:A4W
|
0.020x |
|
Kulcs-Soft Nyrt.
BUD:KSOFT
|
N/A |
|
AHT Syngas Technology NV
F:3SQ1
|
0.008x |
Annual Cash Flow Conversion Efficiency for Formation Minerals, Inc. (2021–2024)
The table below shows the annual cash flow conversion efficiency of Formation Minerals, Inc. from 2021 to 2024.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-04-30 | $-833.61K | $-206.76K | 0.248x | -39.52% |
| 2023-04-30 | $-1.06 Million | $-435.38K | 0.410x | -69.95% |
| 2022-04-30 | $-463.20K | $-632.12K | 1.365x | -50.87% |
| 2021-04-30 | $-113.69K | $-315.82K | 2.778x | -- |