RLX Technology (RLX) Return on Capital Employed (2021 - 2026)
RLX Technology's (RLX) quarterly Return on Capital Employed came in at 3.03% in Q1 2026, up 290.0% YoY from 0.78% in Q1 2025, and up 45.16% on a QoQ basis from 2.09% in Q4 2025.
RLX Technology (RLX) Return on Capital Employed (2021 - 2026) Analysis & Trends
RLX Technology (RLX) has 6 years of Return on Capital Employed data on file, last reported at 3.03% in Q1 2026.
- Quarterly Return on Capital Employed rose 290.0% year-over-year to 3.03% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 3.03% (up 290.0% YoY) and the FY2025 annual result came in at 2.15%, up 282.0% from the prior year.
- Return on Capital Employed improved to 3.03% in Q1 2026, from 2.09% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 21.8% in Q1 2022 to a low of 5.5% in Q3 2023.
- A 5-year average of 3.06% and a median of 0.41% in 2023 frame the typical range for Return on Capital Employed.
- Annual changes were most pronounced in 2022 — Return on Capital Employed soared 1880 bps — and 2023, when it plunged 2138 bps.
- Tracing RLX's Return on Capital Employed over 5 years: stood at 7.26% in 2022, then sank by 146 bps to 3.33% in 2023, then soared by 80 bps to 0.67% in 2024, then surged by 413 bps to 2.09% in 2025, then surged by 45 bps to 3.03% in 2026.
- The last three Return on Capital Employed figures came in at 3.03% (Q1 2026), 2.09% (Q4 2025), and 1.2% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 293.70 Bn | 287.70 Bn | 7.66 Bn | 38.19% |
| 2 | British American Tobacco p.l.c | 121.86 Bn | 118.16 Bn | - | - |
| 3 | Altria | 110.41 Bn | 108.05 Bn | 3.82 Bn | 41.87% |
| 4 | RLX Technology | 2.21 Bn | 1.47 Bn | 52.74 Mn | 3.57% |
| 5 | Turning Point Brands | 1.69 Bn | 1.42 Bn | 93.70 Mn | 10.34% |
| 6 | Universal | 1.13 Bn | 850.18 Mn | 83.09 Mn | 6.74% |
| 7 | Ispire Technology | 85.42 Mn | 66.19 Mn | 1.99 Mn | -133.15% |
| 8 | Rythm | 51.22 Mn | 9.30 Mn | 18.54 Mn | 79.37% |
| 9 | Greenlane Holdings | 12.21 Mn | -12.29 Mn | 32,000.00 | -150.46% |
| 10 | VPR Brands | 8.26 Mn | 5.92 Mn | 161,075.00 | -105.09% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.03% |
| Dec 31, 2025 | 2.09% |
| Sep 30, 2025 | 1.20% |
| Jun 30, 2025 | 0.58% |
| Mar 31, 2025 | 0.13% |
| Dec 31, 2024 | -0.67% |
| Sep 30, 2024 | -1.51% |
| Jun 30, 2024 | -1.72% |
| Mar 31, 2024 | -1.17% |
| Dec 31, 2023 | -3.33% |
| Sep 30, 2023 | -5.50% |
| Jun 30, 2023 | -2.24% |
| Mar 31, 2023 | 0.41% |
| Dec 31, 2022 | 7.26% |
| Sep 30, 2022 | 13.63% |
| Jun 30, 2022 | 18.08% |
| Mar 31, 2022 | 21.80% |
| Dec 31, 2021 | 17.00% |
| Sep 30, 2021 | 14.33% |
| Jun 30, 2021 | 8.86% |