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

Annual report pursuant to Section 13 and 15(d)

Customer and Supplier Concentrations

Customer and Supplier Concentrations

12 Months Ended

Jun. 30, 2020

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, 2020 are presented on a comparative basis, with their corresponding balances for the year ended June 30, 2019 in the table below:

in thousands
	Years Ended
	June 30, 2020					June 30, 2019
	Amount		Percent			Amount		Percent
Total revenue	$	5,461,094		100.0	%	$	4,783,157		100.0	%
Customer concentrations
HSBC Bank USA⁽¹⁾	$	674,454		12.4	%	$	1,243,733		26.0	%
Customer A		603,572		11.0	%		351,515		7.4	%
	$	1,278,026		23.4	%	$	1,595,248		33.4	%

(1)	Sales with these trading partners are primarily comprised of sales on forward contracts that are entered into for hedging purposes rather than sales characterized with the physical delivery of precious metal product.

Customers providing 10 percent or more of the Company's accounts receivable as of June 30, 2020 and June 30, 2019 are presented on a comparative basis in the table below.

in thousands
	June 30, 2020					June 30, 2019
	Amount		Percent			Amount		Percent
Total accounts receivable	$	49,142		100.0	%	$	26,895		100.0	%
Customer concentrations
Customer B	$	9,667		19.7	%	$	1,523		5.7	%

Customers providing 10 percent or more of the Company's secured loans receivable as of June 30, 2020 and June 30, 2019 are presented on a comparative basis in the table below.

in thousands
	June 30, 2020					June 30, 2019
	Amount		Percent			Amount		Percent
Total secured loans	$	63,710		100.0	%	$	125,298		100.0	%
Customer concentrations
Stack's Bowers	$	8,797		13.8	%	$	14,058		11.2	%

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.