Customer and Supplier Concentrations
|6 Months Ended|
Dec. 31, 2022
|Risks and Uncertainties [Abstract]|
|Customer and Supplier Concentrations||
18. CUSTOMER AND SUPPLIER CONCENTRATIONS
The following customer provided 10 percent or more of the Company's revenues for the three months ended December 31, 2022 and 2021.
(1) Sales with this trading partner include sales on forward contracts that are entered into for hedging purposes rather than sales characterized with the physical delivery of precious metal product. This sales activity has been reported within the Wholesale Sales and Ancillary Services segment.
The following customers provided 10 percent or more of the Company's accounts receivable as of December 31, 2022.
The following customers provided 10 percent or more of the Company's secured loans receivable as of December 31, 2022.
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 supplier or small group of suppliers is critical to its business, since other sources of supply are available that provide similar products on comparable terms.
The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
No definition available.