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, 2019

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 years ended June 30, 2019 and 2018 are presented on a comparative basis in the table below:



in thousands
	Years Ended June 30,	2019				2018
		Amount		Percent		Amount		Percent
Total revenue		$	4,783,157	100.0	%	$	7,606,248	100.0	%
Customer concentrations
HSBC Bank USA⁽¹⁾		$	1,243,733	26.0	%	$	2,039,134	26.8	%
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(1)	Sales with this trading partner 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, 2019 are presented on a comparative basis, with their corresponding balances as of June 30, 2018, in the table below:



in thousands
	June 30, 2019				June 30, 2018

	Amount		Percent		Amount		Percent
Total accounts receivable, net	$	26,895	100.0	%	$	35,856	100.0	%
Customer concentrations
Customer A	$	6,506	24.1	%	$	7,468	20.8	%
Customer B	2,757		10.3		—		—
Customer C	3,752		14.0		425		1.2
	$	13,015	48.4	%	$	7,893	22.0	%

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.