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, 2021

Risks and Uncertainties [Abstract]

Customer and Supplier Concentrations

17. CUSTOMER AND SUPPLIER CONCENTRATIONS

Customer Concentration

Customer providing 10 percent or more of the Company's revenues for three and six months ended December 31, 2021 are presented on a comparative basis in the table below.


in thousands
	Three Months Ended										Six Months Ended
	December 31, 2021					December 31, 2020					December 31, 2021					December 31, 2020
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Total revenue	$	1,946,364		100.0	%	$	1,518,744		100.0	%	$	3,960,335		100.0	%	$	3,384,860		100.0	%
Customer concentrations
Morgan Stanley (1)	$	246,306		12.7	%	$	54,355		3.6	%	$	418,606		10.6	%	$	137,714		4.1	%

(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.

Customers providing 10 percent or more of the Company's accounts receivable as of December 31, 2021 are presented on a comparative basis in the table below.


in thousands
	December 31, 2021					June 30, 2021
	Amount		Percent			Amount		Percent
Total accounts receivable	$	84,994		100.0	%	$	89,000		100.0	%
Customer concentrations
Customer A	$	39,880		46.9	%	$	15,588		17.5	%
Customer C		9,458		11.1	%		—		0.0	%
	$	49,338		58.0	%	$	15,588		17.5	%

Customers providing 10 percent or more of the Company's secured loan receivable balances as of as of December 31, 2021 are presented on a comparative basis in the table below.


in thousands
	December 31, 2021					June 30, 2021
	Amount		Percent			Amount		Percent
Total secured loans	$	126,303		100.0	%	$	112,968		100.0	%
Customer concentrations
Customer B	$	13,500		10.7	%	$	—		0.0	%

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.