Annual report pursuant to Section 13 and 15(d)

Customer and Supplier Concentrations

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

17. CUSTOMER AND SUPPLIER CONCENTRATIONS

Customer Concentration

Customers providing 10 percent or more of the Company's revenues for the year ended June 30, 2021 are presented on a comparative basis, with their corresponding balances for the year ended June 30, 2020 in the table below:

 

in thousands

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended

 

 

June 30, 2021

 

 

June 30, 2020

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

Total revenue

$

7,613,015

 

 

 

100.0

%

 

$

5,461,094

 

 

 

100.0

%

Customer concentrations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

JMB (1)

 

994,864

 

 

 

13.1

%

 

 

603,572

 

 

 

11.1

%

 

$

994,864

 

 

 

13.1

%

 

$

603,572

 

 

 

11.1

%

 

(2)

Includes sales made to JMB from the beginning of the period through the Acquisition Date.

Customers providing 10 percent or more of the Company's accounts receivable as of June 30, 2021 and June 30, 2020 are presented on a comparative basis in the table below.

 

in thousands

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2021

 

 

June 30, 2020

 

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

Total accounts receivable

 

$

89,000

 

 

 

100.0

%

 

$

49,142

 

 

 

100.0

%

Customer concentrations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer A

 

$

15,588

 

 

 

17.5

%

 

$

 

 

 

0.0

%

 

No single customer provided 10 percent or more of the Company's secured loan receivable balances as of as of June 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.