Annual report pursuant to Section 13 and 15(d)

Customer and Supplier Concentration

v3.5.0.2
Customer and Supplier Concentration
 12 Months Ended
Jun. 30, 2016
Risks and Uncertainties [Abstract]  
Customer and Supplier Concentration
CUSTOMER AND SUPPLIER CONCENTRATIONS
Customer Concentration
Customers providing 10 percent or more of the Company's revenues for the years ended June 30, 2016 and 2015 are listed below:
in thousands
 
 
 
Years Ended June 30,
 
2016
 
2015
 
 
 
Amount
 
Percent
 
Amount
 
Percent
 
Total revenue
 
$
6,784,039

 
100.0
%
 
$
6,070,234

 
100.0
%
 
Customer concentrations
 
 
 
 
 
 
 
 
 
HSBC Bank USA
 
$
1,249,255

 
18.4
%
 
$
1,877,943

 
24.1
%
 
JM Bullion
 
717,309

 
10.6

 
281,653

 
4.6

 
Total
 
$
1,966,564

 
29.0
%
 
$
1,745,680

 
28.7
%
 
    
There were no customers providing 10 percent or more of the Company's accounts receivable as of June 30, 2016 and June 30, 2015.

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.