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Concentration of Credit Risk and Significant Customers | 9 Months Ended
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Mar. 31, 2024
Risks and Uncertainties [Abstract] |
Concentration of Credit Risk and Significant Customers | Concentration of Credit Risk and Significant Customers The Company manages its credit risk associated with exposure to distributors and direct customers on outstanding accounts receivable through the application and review of credit approvals, credit ratings and other monitoring procedures. In some instances, the Company also obtains letters of credit from certain customers. Credit sales, which are mainly on credit terms of 30 to 60 days, are only made to customers who meet the Company's credit requirements, while sales to new customers or customers with low credit ratings are usually made on an advance payment basis. The Company considers its trade accounts receivable to be of good credit quality because its key distributors and direct customers have long-standing business relationships with the Company and the Company has not experienced any significant bad debt write-offs of accounts receivable in the past. The Company closely monitors the aging of accounts receivable from its distributors and direct customers, and regularly reviews their financial positions, where available. Summarized below are individual customers whose revenue or accounts receivable balances were 10% or higher than the respective total consolidated amounts:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
Percentage of revenue | 2024 |  | 2023 |  | 2024 |  | 2023
Customer A | 25.0 | % |  | 21.0 | % |  | 26.1 | % |  | 21.7 | %
Customer B | 46.4 | % |  | 28.7 | % |  | 44.8 | % |  | 35.5 | %
Customer D | * |  | 17.9 | % |  | * |  | 14.1 | %
| March 31, 2024 |  | June 30, 2023
Percentage of accounts receivable |
Customer A | * |  | 15.3 | %
Customer B | * |  | 17.6 | %
Customer C | 23.9 | % |  | 13.3 | %
Customer D | 30.6 | % |  | 30.9 | %

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- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 275 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//275/tableOfContent + Details
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- References No definition available. + Details
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