Annual report pursuant to Section 13 and 15(d)

Customer and Supplier Concentrations

v3.7.0.1
Customer and Supplier Concentrations
 12 Months Ended
Jun. 30, 2017
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 years ended June 30, 2017 and 2016 are presented on a comparative basis in the table below:
in thousands
 
 
 
Years Ended June 30,
 
2017
 
2016
 
 
 
Amount
 
Percent
 
Amount
 
Percent
 
Total revenue
 
$
6,989,624

 
100.0
%
 
$
6,784,039

 
100.0
%
 
Customer concentrations
 
 
 
 
 
 
 
 
 
HSBC Bank USA
 
$
1,492,926

 
21.4
%
 
$
1,249,255

 
18.4
%
 
Mitsubishi Intl. Corp.
 
1,171,532

 
16.7

 
461,822

 
6.8

 
 
 
$
2,664,458

 
38.1
%
 
$
1,711,077

 
25.2
%
 
    
Customers providing 10 percent or more of the Company's accounts receivable as of June 30, 2017 are presented on a comparative basis in the table below:
in thousands
 
 
 
 
 
 
 
 
 
 
June 30, 2017
 
June 30, 2016
 
 
 
 
 
 
 
Amount
 
Percent
 
Amount
 
Percent
Total accounts receivable, net
 
$
39,295

 
100.0
%
 
$
43,302

 
100.0
%
Customer concentrations
 
 
 
 
 
 
 
 
Customer A
 
$
27,072

 
68.9
%
 
$
—

 
—
%
 
 
$
27,072

 
68.9
%
 
$
—

 
—
%

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.