Quarterly report pursuant to Section 13 or 15(d)

Customer and Supplier Concentrations

v3.6.0.2
Customer and Supplier Concentrations
 6 Months Ended
Dec. 31, 2016
Risks and Uncertainties [Abstract]  
Customer and Supplier Concentrations
CUSTOMER AND SUPPLIER CONCENTRATIONS
Customer Concentration
Customers providing 10 percent or more of the Company's revenues for the three and six months ended December 31, 2016 are presented on a comparative basis in the table below:
in thousands
 
 
 
 
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
December 31, 2016
 
December 31, 2015
 
December 31, 2016
 
December 31, 2015
 
 
 
Amount
 
Percent
 
Amount
 
Percent
 
Amount
 
Percent
 
Amount
 
Percent
 
Total revenue
 
$
2,126,361

 
100.0
%
 
$
1,529,143

 
100.0
%
 
$
3,932,014

 
100.0
%
 
$
3,536,079

 
100.0
%
 
Customer concentrations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
HSBC Bank USA
 
$
467,688

 
22.0
%
 
$
281,473

 
18.4
%
 
$
974,475

 
24.8
%
 
$
615,026

 
17.4
%
 
US Mint
 
229,469

 
10.8

 
116,125

 
7.6

 
366,051

 
9.3

 
288,696

 
8.2

 
Mitsubishi Intl. Corp.
 
300,848

 
14.1

 
82,757

 
5.4

 
504,741

 
12.8

 
217,975

 
6.2

 
 
 
$
998,005

 
46.9
%
 
$
480,355

 
31.4
%
 
$
1,845,267

 
46.9
%
 
$
1,121,697

 
31.8
%
 
    
Customers providing 10 percent or more of the Company's accounts receivable as of December 31, 2016 are presented on a comparative basis in the table below:
in thousands
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
June 30, 2016
 
 
 
 
 
 
 
Amount
 
Percent
 
Amount
 
Percent
Total accounts receivable, net
 
$
81,945

 
100.0
%
 
$
43,302

 
100.0
%
Customer concentrations
 
 
 
 
 
 
 
 
Customer A
 
$
65,278

 
79.7
%
 
$
—

 
—
%
 
 
$
65,278

 
79.7
%
 
$
—

 
—
%

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.