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

9 Months Ended

Mar. 31, 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 three and nine months ended March 31, 2016 and 2015 are listed below:



in thousands
	Three Months Ended								Nine Months Ended
	March 31, 2016				March 31, 2015				March 31, 2016				March 31, 2015
	Amount		Percent		Amount		Percent		Amount		Percent		Amount		Percent
Total revenue	$	1,512,750	100.0	%	$	1,624,495	100.0	%	$	5,048,829	100.0	%	$	4,616,832	100.0	%
Customer concentrations
HSBC Bank USA	$	245,022	16.2	%	$	481,036	29.6	%	$	860,048	17.0	%	$	1,464,027	31.7	%
JM Bullion	154,848		10.2		99,006		6.1		558,804		11.1		281,653		6.1
Total	$	399,870	26.4	%	$	580,042	35.7	%	$	1,418,852	28.1	%	$	1,745,680	37.8	%

Customers providing 10 percent or more of the Company's accounts receivable as of March 31, 2016 and June 30, 2015, respectively, are listed below:



in thousands
	March 31, 2016				June 30, 2015

	Amount		Percent		Amount		Percent
Total accounts receivable, net	$	25,928	100.0	%	$	30,025	100.0	%
Customer concentrations
China Great Wall Coins	$	2,958	11.4	%	$	—	—	%
Jerrit Canyon	5,050		19.5		1,435		4.8
Republic Metals Corporation	6,185		23.9		—		—
Total	$	14,193	54.8	%	$	1,435	4.8	%

Customers providing 10 percent or more of the Company's secured loans as of March 31, 2016 and June 30, 2015, respectively, are listed below:



in thousands
	March 31, 2016				June 30, 2015

	Amount		Percent		Amount		Percent
Total secured loans	$	64,827	100.0	%	$	49,316	100.0	%
Customer concentrations
Customer A	$	6,800	10.5	%	$	—	—	%
Total	$	6,800	10.5	%	$	—	—	%

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.