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CUSTOMER CONCENTRATIONS
12 Months Ended
Jan. 31, 2022
CUSTOMER CONCENTRATIONS  
CUSTOMER CONCENTRATIONS

NOTE 16 – CUSTOMER CONCENTRATIONS

The majority of the Company’s consolidated revenues relate to performance by the power industry services segment which provided 78%, 81% and 57% of consolidated revenues for Fiscal 2022, Fiscal 2021 and Fiscal 2020, respectively. For Fiscal 2022, Fiscal 2021 and Fiscal 2020, the Company’s industrial services segment represented 19%, 17% and 40% of consolidated revenues, respectively.

For Fiscal 2022, the Company’s most significant customer relationships included one power industry service customer which accounted for 57% of consolidated revenues. For Fiscal 2021, the Company’s most significant customer relationships included one power industry service customer which accounted for 67% of consolidated revenues. For Fiscal 2020, the Company’s most significant customer relationships included two power industry service customers which accounted for 22% and 15% of consolidated revenues, respectively.

The accounts receivable balances from three major customers represented 22%, 15% and 12% of the corresponding consolidated balance as of January 31, 2022 and accounts receivable balances from three major customers represented 26%, 11% and 11% of the corresponding consolidated balance as of January 31, 2021. The contract asset balances related to two major customers represented 31% and 13% of the corresponding consolidated balance as of January 31, 2022. Contract asset balances related to two major customers represented 64% and 12% of the corresponding consolidated balance as of January 31, 2021