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) - Total Assets
Latest total assets as of January 2025: $371.63K USD
Based on the latest financial reports, Formation Minerals, Inc. (FOMI) holds total assets worth $371.63K USD as of January 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Formation Minerals, Inc. - Total Assets Trend (2021–2024)
This chart illustrates how Formation Minerals, Inc.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Formation Minerals, Inc. - Asset Composition Analysis
Current Asset Composition (April 2024)
Formation Minerals, Inc.'s total assets of $371.63K consist of 100.0% current assets and 0.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.0% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2021–2024)
This chart illustrates how Formation Minerals, Inc.'s asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Formation Minerals, Inc.'s current assets represent 100.0% of total assets in 2024, unchanged from 100.0% in 2021.
- Cash Position: Cash and equivalents constituted 0.0% of total assets in 2024, down from 19.6% in 2021.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2021.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Formation Minerals, Inc. Competitors by Total Assets
Key competitors of Formation Minerals, Inc. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Bounty Oil & Gas NL
PINK:BYOGF
|
USA | $8.51 Million |
|
Shanxi Blue Flame Holding Co Ltd
SHE:000968
|
China | CN¥11.13 Billion |
|
Oriental Energy Co Ltd
SHE:002221
|
China | CN¥40.74 Billion |
|
P/F Atlantic Petroleum
CO:ATLA-DKK
|
Denmark | Dkr7.35 Million |
|
East West Minerals Ltd.
F:37A0
|
Germany | €4.02 Million |
|
Hibiscus Petroleum BHD
KLSE:5199
|
Malaysia | RM7.43 Billion |
|
Reach Energy Bhd
KLSE:5256
|
Malaysia | RM861.30 Million |
|
Geo-Jade Petroleum Corp
SHG:600759
|
China | CN¥12.56 Billion |
Formation Minerals, Inc. - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Formation Minerals, Inc. generates 0.08x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Formation Minerals, Inc. is currently not profitable relative to its asset base.
Formation Minerals, Inc. - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.04 | 0.00 | 0.08 |
| Quick Ratio | 0.04 | 0.00 | 0.08 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-4.16 Million | $ -617.85K | $ -839.34K |
Formation Minerals, Inc. - Advanced Valuation Insights
This section examines the relationship between Formation Minerals, Inc.'s asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | - |
| Latest Market Cap to Assets Ratio | 2.70 |
| Asset Growth Rate (YoY) | -62.7% |
| Total Assets | $14.80K |
| Market Capitalization | $40.01K USD |
Valuation Analysis
Premium Asset Valuation: The market values Formation Minerals, Inc.'s assets at a significant premium ( 2.70x), suggesting investors see substantial growth potential or unique competitive advantages.
Significant Asset Reduction: Formation Minerals, Inc.'s assets decreased by 62.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Formation Minerals, Inc. (2021–2024)
The table below shows the annual total assets of Formation Minerals, Inc. from 2021 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-04-30 | $14.80K | -62.66% |
| 2023-04-30 | $39.65K | -90.98% |
| 2022-04-30 | $439.64K | -40.14% |
| 2021-04-30 | $734.51K | -- |