Quarterly report pursuant to Section 13 or 15(d)

Customer and Supplier Concentrations (Tables)

v3.24.0.1
Customer and Supplier Concentrations (Tables)
6 Months Ended
Dec. 31, 2023
Risks and Uncertainties [Abstract]  
Schedule of Concentration of Risk, by Risk Factor

Customer Concentrations

The following customer provided 10 percent or more of the Company's revenues (in thousands):

 

 

 

Three Months Ended December 31,

 

 

Six Months Ended December 31,

 

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

 

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

 

Total revenue

 

$

2,078,815

 

 

 

100.0

%

 

$

1,949,705

 

 

 

100.0

%

 

$

4,563,433

 

 

 

100.0

%

 

$

3,850,056

 

 

 

100.0

%

 

Customer concentrations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HSBC Bank (1)

 

$

457,363

 

 

 

22.0

%

 

$

288,839

 

 

 

14.8

%

 

 

1,056,411

 

 

 

23.1

%

 

 

423,363

 

 

 

11.0

%

 

 

(1) Sales with this trading partner include sales on forward contracts that are entered into for hedging purposes rather than sales characterized with the physical delivery of precious metal product. This sales activity has been reported within the Wholesale Sales and Ancillary Services segment.

The following customers provided 10 percent or more of the Company's accounts receivable balances (in thousands):

 

 

December 31, 2023

 

 

June 30, 2023

 

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

Total accounts receivable

 

$

42,720

 

 

 

100.0

%

 

$

35,243

 

 

 

100.0

%

Customer concentrations

 

 

 

 

 

 

 

 

 

 

 

 

Bank of America

 

$

6,570

 

 

 

15.4

%

 

$

 

 

 

%

Morgan Stanley

 

$

5,470

 

 

 

12.8

%

 

$

 

 

 

%

The following customers accounted for 10 percent or more of the Company's secured loans receivable (in thousands):

 

 

 

December 31, 2023

 

 

June 30, 2023

 

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

Total secured loans

 

$

106,565

 

 

 

100.0

%

 

$

100,620

 

 

 

100.0

%

Customer concentrations

 

 

 

 

 

 

 

 

 

 

 

 

Customer A

 

$

12,500

 

 

 

11.7

%

 

$

11,500

 

 

 

11.4

%

Customer B

 

$

13,500

 

 

 

12.7

%

 

$

13,500

 

 

 

13.4

%