MOTORCAR PARTS OF AMERICA INC
For the period ended Mar 31, 2024. Filed Jun 11, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Jun 11, 2024
MPAA$7.42-3.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Schedule II — Valuation and Qualifying Accounts
Accounts Receivable—Allowance for credit losses
| Charge to | |||||
|---|---|---|---|---|---|
| Balance at · (recovery of) · Balance at | |||||
| Years Ended · beginning of · bad debts · Amounts · end of | |||||
| March 31, | Description | year | expense | written off | year |
| 2024 | Allowance for credit losses | $339,000 | $(133,000) | $17,000 | $189,000 |
| 2023 | Allowance for credit losses | $375,000 | $108,000 | $144,000 | $339,000 |
| 2022 | Allowance for credit losses | $348,000 | $95,000 | $68,000 | $375,000 |
Accounts Receivable—Allowance for customer-payment discrepancies
| Balance at · Charge to · Balance at | |||||
|---|---|---|---|---|---|
| Years Ended · beginning of · discrepancies · Amounts · end of | |||||
| March 31, | Description | year | expense | Processed | year |
| 2024 | Allowance for customer-payment discrepancies | $1,634,000 | $1,452,000 | $1,880,000 | $1,206,000 |
| 2023 | Allowance for customer-payment discrepancies | $1,375,000 | $2,112,000 | $1,853,000 | $1,634,000 |
| 2022 | Allowance for customer-payment discrepancies | $752,000 | $2,142,000 | $1,519,000 | $1,375,000 |
Inventory—Allowance for excess and obsolete inventory
| Provision for | |||||
|---|---|---|---|---|---|
| Balance at · excess and · Balance at | |||||
| Years Ended · beginning of · obsolete · Amounts · end of | |||||
| March 31, | Description | year | inventory | written off | year |
| 2024 | Allowance for excess and obsolete inventory | $16,436,000 | $16,233,000 | $15,297,000 | $17,372,000 |
| 2023 | Allowance for excess and obsolete inventory | $13,520,000 | $18,851,000 | $15,935,000 | $16,436,000 |
| 2022 | Allowance for excess and obsolete inventory | $13,246,000 | $13,504,000 | $13,230,000 | $13,520,000 |
Deferred Tax Assets — Valuation allowance for deferred tax assets
| Balance at · Charge to · Balance at | ||||||
|---|---|---|---|---|---|---|
| Years Ended · beginning of · income tax · Charged to · end of | ||||||
| March 31, · Description · year · expense · Other Accounts · year | ||||||
| 2024 | Valuation allowance for deferred tax assets | $7,619,000 | $37,780,000 | $ | - | $45,399,000 |
| 2023 | Valuation allowance for deferred tax assets | $6,816,000 | $803,000 | $ | - | $7,619,000 |
| 2022 | Valuation allowance for deferred tax assets | $6,163,000 | $653,000 | $ | - | $6,816,000 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.