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, 2020

17.	CUSTOMER AND SUPPLIER CONCENTRATIONS

Customer Concentration

Customers providing 10 percent or more of the Company's revenues for the three or six months ended December 31, 2020 are presented on a comparative basis, with their corresponding balances for the three and six months ended December 31, 2020 and 2019 in the table below:

in thousands
	Three Months Ended										Six Months Ended
	December 31, 2020					December 31, 2019					December 31, 2020					December 31, 2019
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Total revenue	$	1,518,744		100.0	%	$	1,055,590		100.0	%	$	3,384,860		100.0	%	$	2,536,604		100.0	%
Customer concentrations
HSBC Bank USA⁽¹⁾	$	175,306		11.6	%	$	126,581		12.0	%	$	339,695		10.0	%	$	398,780		15.7	%
Customer A		220,509		14.5	%		86,407		8.2	%		604,937		17.9	%		157,735		6.2	%
	$	395,815		26.1	%	$	212,988		20.2	%	$	944,632		27.9	%	$	556,515		21.9	%

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

No single customer provided 10 percent or more of the Company's accounts receivable or secured loan receivable balances as of December 31, 2020 and June 30, 2020.

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.