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Significant Customer and Other Information | 3 Months Ended
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Jun. 30, 2024
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 |
|  | June 30, |
|  | 2024 |  |  | 2023 |
Net sales |  |  |  |  |  |
Customer A |  |  | 40 | % |  |  | 34 | %
Customer C |  |  | 28 | % |  |  | 28 | %
Customer B |  |  | 17 | % |  |  | 20 | %
Customer D |  |  | 4 | % |  |  | 5 | %
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 18 for a discussion of the Company’s segments. The largest customers accounted for the following percentage of accounts receivable – trade:
|  | June 30, 2024 |  |  | March 31, 2024 |
Accounts receivable - trade |  |  |  |  |  |
Customer A |  |  | 38 | % |  |  | 35 | %
Customer B |  |  | 18 | % |  |  | 25 | %
Customer C |  |  | 12 | % |  |  | 13 | %
Customer D |  |  | 10 | % |  |  | 6 | %
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 |
|  | June 30, |
|  | 2024 |  |  | 2023 |
Product line |  |  |  |  |  |
Rotating electrical products |  |  | 65 | % |  |  | 64 | %
Brake-related products |  |  | 24 | % |  |  | 22 | %
Wheel hub products |  |  | 7 | % |  |  | 11 | %
Other products |  |  | 4 | % |  |  | 3 | %
|  |  | 100 | % |  |  | 100 | %
Significant Supplier Concentrations The Company had no suppliers that accounted for more than 10% of inventory purchases for the three months ended June 30, 2024 and 2023.

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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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