These are not correct formulas.
I completely agree with Creedo on this one. But now let's shed some light on what a "correct" (or at least close approximation) formula might be. Time is an ordering of events, and events deal with Mass moving thru Space. Unfortunately for those who never understood algebra, this fact brings calculus into the picture. Differential calculus, to be precise.
An increment of Time (Delta-t or dt) is defined by some Mass (M) moving some differential arc length through Space (Delta-S or dS). So the differential equation for Time becomes:
dt = M/dS
Looks harmless enough. It would appear all we have to do is integrate both sides of the equation, and that would tell us what Time is (all Time, over all Mass, throughout the expansiveness of all Space). Two small problems come up that stop us dead in our tracks. Let's deal with the easiest one first:
Space - We would have to integrate the above equation over a CLOSED volume of Space. Question is: Is all the Space in the universe contained in a closed volume, or is it open and forever expanding? This is a question that the greatests physicists in the world are still arguing and still can't come to agreement on. That means solving our integral has a potential for error of 100%!
Mass - This is the biggest problem. The above equation assumes Mass is a constant, AND that it is independent of both Time and Space. It's not. In fact, when we examine atoms up-close and personal, we see that subatomic particles are in motion (such as the electron), and some of them are constantly changing (which implies time-dependence). Moreover, ignoring the time dependence of Mass, when Mass moves through Space it bumps into other Mass. So the composition of Mass is also highly dependent on Space and how Mass is distributed within it.
Our hopes at defining a "complete and correct" equation for Time are dashed. But what can we learn from this? We learn that reductionism (pulling things apart and trying to analyze them as independent) will not work. It creates more problems/questions than it solves!
Due to the tight coupling (interdependence) of Mass, Time, and Space, an iterative solution is required which does not try to analyze the pieces independently. The greatest promise for achieving this lies in the mathematics of Chaos Theory, which is also called non-linear math. However, the vast majority of "establishment" physicists still cling to the reductionist approach, because it is what they know.
What we are witness to, in our generation, is the "figuring out" of how the math of Chaos Theory (iterative, closed-loop interdependence) reconciles with what our senses report to us about the universe (which is the basis for classical physics equations, including Einstein's E=mc^2). The world will be astonished at the pace of advances we achieve once we make this next-step evolution in understanding.
Kind Regards,
RainmanTime