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, 2024

Risks and Uncertainties [Abstract]

Customer and Supplier Concentrations

18. CUSTOMER AND SUPPLIER CONCENTRATIONS

Customer Concentrations

The following customer provided 10 percent or more of the Company's revenues (in thousands):


	Year Ended June 30,
	2024					2023					2022
	Amount		Percent			Amount		Percent			Amount		Percent
Total revenue	$	9,699,039		100.0	%	$	9,286,561		100.0	%	$	8,159,254		100.0	%
Customer concentrations
HSBC Bank (1)	$	2,114,253		21.8	%	$	1,191,436		12.8	%		492,390		6.0	%

(1) Sales with this trading partner include sales on forward contracts that are entered into for hedging purposes rather than sales characterized with the physical delivery of precious metal product. This sales activity has been reported within the Wholesale Sales and Ancillary Services segment.

No single customer provided 10 percent or more of the Company's accounts receivable balances as of June 30, 2024.

The following customers accounted for 10 percent or more of the Company's secured loans receivable (in thousands):


	June 30, 2024					June 30, 2023
	Amount		Percent			Amount		Percent
Total secured loans	$	113,067		100.0	%	$	100,620		100.0	%
Customer concentrations
Customer A	$	13,500		11.9	%	$	13,500		13.4	%
Customer B	$	17,724		15.7	%	$	-		0.0	%

Supplier Concentrations

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 supplier or small group of suppliers is critical to its business, since other sources of supply are available that provide similar products on comparable terms.