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Significant Customer and Other Information

9 Months Ended

Dec. 31, 2023

Significant Customer and Other Information [Abstract]

Significant Customer and Other Information

6. Significant Customer and Other Information

Significant Customer Concentrations

The largest customers accounted for the following percentage of consolidated net sales:

		Three Months Ended December 31,								Nine Months Ended December 31,
		2023				2022				2023				2022
Net sales
Customer A			34	%			36	%			35	%			38	%
Customer C			26	%			21	%			27	%			22	%
Customer B			23	%			27	%			21	%			24	%
Customer D			4	%			4	%			5	%			4	%

Revenues for Customers A through C were derived from the Hard Parts segment and Test Solutions and Diagnostic Equipment segment. Revenues for Customer D were derived from the Hard Parts segment. See Note 17 for a discussion of the Company’s segments.

The largest customers accounted for the following percentage of accounts receivable – trade:

		December 31, 2023				March 31, 2023
Accounts receivable - trade
Customer A			40	%			33	%
Customer B			20	%			18	%
Customer C			12	%			21	%
Customer D			8	%			12	%

Geographic and Product Information

The Company’s products are sold predominantly in North America and accounted for the following percentages of consolidated net sales:

		Three Months Ended December 31,								Nine Months Ended December 31,
		2023				2022				2023				2022
Product line
Rotating electrical products			65	%			66	%			66	%			67	%
Brake-related products			21	%			20	%			21	%			19	%
Wheel hub products			11	%			10	%			10	%			11	%
Other products			3	%			4	%			3	%			3	%
			100	%			100	%			100	%			100	%

Significant Supplier Concentrations

The Company had no suppliers that accounted for more than 10% of inventory purchases for the three and nine months ended December 31, 2023 and 2022.

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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

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- References

No definition available.

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