Significant Customer and Other Information

6 Months Ended

Sep. 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 September 30,						Six Months Ended September 30,
	2024			2023			2024			2023
Net sales
Customer A		34	%		37	%		37	%		35	%
Customer C		31	%		27	%		29	%		27	%
Customer B		21	%		21	%		20	%		20	%

Revenues for these customers were derived from the Hard Parts segment and Test Solutions and Diagnostic Equipment segment. See Note 18 for a discussion of the Company’s segments.

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

	September 30, 2024			March 31, 2024
Accounts receivable - trade
Customer A		31	%		35	%
Customer C		21	%		13	%
Customer B		19	%		25	%

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 September 30,						Six Months Ended September 30,
	2024			2023			2024			2023
Product line
Rotating electrical products		68	%		67	%		67	%		66	%
Brake-related products		21	%		20	%		22	%		21	%
Wheel hub products		7	%		9	%		7	%		10	%
Other products		4	%		4	%		4	%		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 six months ended September 30, 2024 and 2023.