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 Concentrations

Customer and Supplier Concentrations

9 Months Ended

Mar. 31, 2017

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, 2017 are presented on a comparative basis in the table below:



in thousands
	Three Months Ended								Nine Months Ended
	March 31, 2017				March 31, 2016				March 31, 2017				March 31, 2016
	Amount		Percent		Amount		Percent		Amount		Percent		Amount		Percent
Total revenue	$	1,730,845	100.0	%	$	1,512,750	100.0	%	$	5,662,859	100.0	%	$	5,048,829	100.0	%
Customer concentrations
HSBC Bank USA	$	293,686	17.0	%	$	245,022	16.2	%	$	1,268,160	22.4	%	$	860,048	17.0	%
Mitsubishi Intl. Corp.	322,842		18.6		140,624		9.3		827,583		14.6		358,599		7.1
	$	616,528	35.6	%	$	385,646	25.5	%	$	2,095,743	37.0	%	$	1,218,647	24.1	%

Customers providing 10 percent or more of the Company's accounts receivable as of March 31, 2017 are presented on a comparative basis in the table below:



in thousands
	March 31, 2017				June 30, 2016

	Amount		Percent		Amount		Percent
Total accounts receivable, net	$	42,863	100.0	%	$	43,302	100.0	%
Customer concentrations
Customer A	$	7,660	17.9	%	$	1,336	3.1	%
Customer B	6,170		14.4		5,256		12.1
	$	13,830	32.3	%	$	6,592	15.2	%

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.