Quarterly report pursuant to Section 13 or 15(d)

Customer and Supplier Concentrations

v3.8.0.1
Customer and Supplier Concentrations
 9 Months Ended
Mar. 31, 2018
Risks and Uncertainties [Abstract]  
Customer and Supplier Concentrations
CUSTOMER AND SUPPLIER CONCENTRATIONS
Customer Concentration
Customers providing 10 percent or more of the Company's revenues for the three and nine months ended March 31, 2018 are presented on a comparative basis in the table below:
in thousands
 
 
 
 
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
March 31, 2018
 
March 31, 2017
 
March 31, 2018
 
March 31, 2017
 
 
 
Amount
 
Percent
 
Amount
 
Percent
 
Amount
 
Percent
 
Amount
 
Percent
 
Total revenue
 
$
1,994,963

 
100.0
%
 
$
1,730,845

 
100.0
%
 
$
5,839,491

 
100.0
%
 
$
5,662,859

 
100.0
%
 
Customer concentrations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
HSBC Bank USA
 
$
606,966

 
30.4
%
 
$
293,686

 
17.0
%
 
$
1,525,739

 
26.1
%
 
$
1,268,160

 
22.4
%
 
Mitsubishi Intl. Corp.
 
401,127

 
20.1

 
322,842

 
18.7

 
1,321,001

 
22.6

 
827,583

 
14.6

 
 
 
$
1,008,093

 
50.5
%
 
$
616,528

 
35.7
%
 
$
2,846,740

 
48.7
%
 
$
2,095,743

 
37.0
%
 
    
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.