Quarterly report pursuant to Section 13 or 15(d)

Customer and Supplier Concentrations

v3.21.2
Customer and Supplier Concentrations
 3 Months Ended
Sep. 30, 2021
Risks And Uncertainties [Abstract]  
Customer and Supplier Concentrations

17. CUSTOMER AND SUPPLIER CONCENTRATIONS

Customer Concentration

No single customer provided 10 percent or more of the Company's revenues for three months ended September 30, 2021.

 

Customers providing 10 percent or more of the Company's accounts receivable as of September 30, 2021 and June 30, 2021 are presented on a comparative basis in the table below.

 

in thousands

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2021

 

 

June 30, 2021

 

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

Total accounts receivable

 

$

104,522

 

 

 

100.0

%

 

$

89,000

 

 

 

100.0

%

Customer concentrations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer A

 

$

71,662

 

 

 

68.6

%

 

$

15,588

 

 

 

17.5

%

 

 

$

71,662

 

 

 

68.6

%

 

$

15,588

 

 

 

17.5

%

 

No single customer provided 10 percent or more of the Company's secured loan receivable balances as of as of September 30, 2021.

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.