A-Mark Precious Metals, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Customer and Supplier Concentration

Customer and Supplier Concentration

6 Months Ended

Dec. 31, 2015

Risks and Uncertainties [Abstract]

Customer and Supplier Concentration

CUSTOMER AND SUPPLIER CONCENTRATION

Customer Concentration

Customers providing 10 percent or more of the Company's revenues for the three and six months ended December 31, 2015 and 2014 are listed below:



in thousands
	Three Months Ended								Six Months Ended
	December 31, 2015				December 31, 2014				December 31, 2015				December 31, 2014
	Amount		Percent		Amount		Percent		Amount		Percent		Amount		Percent
Total revenue	$	1,529,143	100.0	%	$	1,538,871	100.0	%	$	3,536,079	100.0	%	$	2,992,337	100.0	%
Customer concentrations
HSBC Bank USA	$	281,473	18.4	%	$	448,453	29.1	%	$	615,026	17.4	%	$	982,991	32.9	%
JM Bullion	157,087		10.3		116,082		7.5		403,956		11.4		182,647		6.1
Total	$	438,560	28.7	%	$	564,535	36.6	%	$	1,018,982	28.8	%	$	1,165,638	39.0	%

Customers providing 10 percent or more of the Company's accounts receivable as of December 31, 2015 and June 30, 2015, respectively, are listed below:



in thousands
	December 31, 2015				June 30, 2015

	Amount		Percent		Amount		Percent
Total accounts receivable, net	$	22,557	100.0	%	$	30,025	100.0	%
Customer concentrations
United Overseas Bank Limited	$	2,458	10.9	%	$	—	—	%
United States Mint	7,367		32.7		9,781		32.6
Jerrit Canyon	3,042		13.5		1,435		4.8
Total	$	12,867	57.1	%	$	11,216	37.4	%

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.