Quarterly report pursuant to Section 13 or 15(d)

Receivables, net

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Receivables, net
9 Months Ended
Mar. 31, 2024
Receivables [Abstract]  
Receivables, net

4. RECEIVABLES, NET

Receivables, net consisted of the following (in thousands):

 

 

 

March 31, 2024

 

 

June 30, 2023

 

Customer trade receivables

 

$

20,606

 

 

$

5,031

 

Wholesale trade advances

 

 

14,692

 

 

 

13,679

 

Due from brokers and other

 

 

17,931

 

 

 

16,533

 

 

 

$

53,229

 

 

$

35,243

 

Customer Trade Receivables. Customer trade receivables represent short-term, non-interest bearing amounts due from precious metal sales, advances related to financing products, and other secured interests in assets of the customer.

Wholesale Trade Advances. Wholesale trade advances represent advances of various bullion products and cash advances for purchase commitments of precious metal inventory. Typically, these advances are unsecured, short-term, and non-interest bearing, and are made to wholesale metals dealers and government mints.

Due from Brokers and Other. Due from brokers and other consists of the margin requirements held at brokers related to open futures contracts (see Note 12) and other receivables.