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

6 Months Ended

Dec. 31, 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 three and six months ended December 31, 2019 are presented on a comparative basis, with their corresponding balances for the three and six months ended December 31, 2018 in the table below:



in thousands
		Three Months Ended								Six Months Ended
		December 31, 2019				December 31, 2018				December 31, 2019				December 31, 2018
		Amount		Percent		Amount		Percent		Amount		Percent		Amount		Percent
Total revenue		$	1,055,590	100.0	%	$	1,100,912	100.0	%	$	2,536,604	100.0	%	$	2,666,002	100.0	%
Customer concentrations
HSBC Bank USA⁽¹⁾		$	126,581	12.0	%	$	244,871	22.2	%	$	398,780	15.8	%	$	624,993	23.4	%
TD Securities		96,925		9.2		—		—		396,960		15.6	%	—		—	%
		$	223,506	21.2	%	$	244,871	22.2	%	$	795,740	31.4	%	$	624,993	23.4	%
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(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.

The Company did not have a customer that comprised 10 percent or more of the Company's aggregate accounts receivable balance as of December 31, 2019.

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.