Annual report pursuant to Section 13 and 15(d)

Customer and Supplier Concentrations (Tables)

v3.19.2
Customer and Supplier Concentrations (Tables)
12 Months Ended
Jun. 30, 2019
Risks and Uncertainties [Abstract]  
Schedules of concentration of risk, by risk factor
Customers providing 10 percent or more of the Company's revenues for the years ended June 30, 2019 and 2018 are presented on a comparative basis in the table below:
in thousands
 
 
 
 
Years Ended June 30,
 
2019
 
2018
 
 
 
 
Amount
 
Percent
 
Amount
 
Percent
 
Total revenue
 
$
4,783,157

 
100.0
%
 
$
7,606,248

 
100.0
%
 
Customer concentrations
 
 
 
 
 
 
 
 
HSBC Bank USA (1)
 
$
1,243,733

 
26.0
%
 
$
2,039,134

 
26.8
%
 
________________________________
 
(1)
Sales with this trading partner are primarily comprised of sales on forward contracts that are entered into for hedging purposes rather than sales characterized with the physical delivery of precious metal product.
 
Customers providing 10 percent or more of the Company's accounts receivable as of June 30, 2019 are presented on a comparative basis, with their corresponding balances as of June 30, 2018, in the table below:
in thousands
 
 
 
 
 
 
 
 
 
 
June 30, 2019
 
June 30, 2018
 
 
 
 
 
 
 
Amount
 
Percent
 
Amount
 
Percent
Total accounts receivable, net
 
$
26,895

 
100.0
%
 
$
35,856

 
100.0
%
Customer concentrations
 
 
 
 
 
 
 
 
Customer A
 
$
6,506

 
24.1
%
 
$
7,468

 
20.8
%
Customer B
 
2,757

 
10.3

 

 

Customer C
 
3,752

 
14.0

 
425

 
1.2

 
 
$
13,015

 
48.4
%
 
$
7,893

 
22.0
%