Quarterly report pursuant to Section 13 or 15(d)

Customer and Supplier Concentration

v3.5.0.2
Customer and Supplier Concentration
 3 Months Ended
Sep. 30, 2016
Risks and Uncertainties [Abstract]  
Customer and Supplier Concentration
CUSTOMER AND SUPPLIER CONCENTRATIONS
Customer Concentration
Customers providing 10 percent or more of the Company's revenues for the three months ended September 30, 2016 and 2015 are listed below:
in thousands
 
 
 
 
 
Three Months Ended
 
 
 
September 30, 2016
 
September 30, 2015
 
 
 
Amount
 
Percent
 
Amount
 
Percent
 
Total revenue
 
$
1,805,653

 
100.0
%
 
$
2,006,936

 
100.0
%
 
Customer concentrations
 
 
 
 
 
 
 
 
 
HSBC Bank USA
 
$
506,787

 
28.1
%
 
$
333,553

 
16.6
%
 
Mitsubishi International Corp.
 
203,893

 
11.3

 
135,218

 
6.7

 
 
 
$
710,680

 
39.4
%
 
$
468,771

 
23.3
%
 
    
Customers providing 10 percent or more of the Company's accounts receivable as of September 30, 2016 and June 30, 2016, respectively, are listed below:
in thousands
 
 
 
 
 
 
 
 
 
 
September 30, 2016
 
June 30, 2016
 
 
 
 
 
 
 
Amount
 
Percent
 
Amount
 
Percent
Total accounts receivable, net
 
$
20,746

 
100.0
%
 
$
43,302

 
100.0
%
Customer concentrations
 
 
 
 
 
 
 
 
Customer A
 
$
5,965

 
28.8
%
 
$
—

 
—
%
Customer B
 
6,764

 
32.6

 
5,256

 
12.1

 
 
$
12,729

 
61.4
%
 
$
5,256

 
12.1
%

The loss of any of the above listed customers could have a material adverse effect on the operations of the Company.
Supplier Concentration
The Company buys precious metals from a variety of sources, including through brokers and dealers, from sovereign and private mints, from refiners and directly from customers. The Company believes that no one or small group of suppliers is critical to its business, since other sources of supply are available that provide similar products on comparable terms.