RLX Technology (RLX) Return on Capital Employed (2021 - 2026)

RLX Technology (RLX) reported Return on Capital Employed of 3.03% for Q1 2026, up 289.0% on a YoY basis from 0.78% in Q1 2025, and up 44.86% quarter-over-quarter from 2.09% in Q4 2025.

RLX Technology (RLX) Return on Capital Employed (2021 - 2026) Analysis & Trends

RLX Technology has reported Return on Capital Employed for 6 years, with the latest figure at 3.03% in Q1 2026.

  • For the quarter ending Q1 2026, Return on Capital Employed rose 289.0% year-over-year to 3.03%; the trailing twelve-month figure through Mar 2026 stood at 3.03% (up 289.0% YoY), and the FY2025 full-year result was 2.18%, up 285.0% from the prior year.
  • Return on Capital Employed for Q1 2026 stood at 3.03%, up from 2.09% in the prior quarter.
  • The five-year high for Return on Capital Employed was 21.8% in Q1 2022, with the low at 5.5% in Q3 2023.
  • Historically, Return on Capital Employed has averaged 3.06% across 5 years, with a median of 0.41% in 2023.
  • Annual changes were most pronounced in 2022 — Return on Capital Employed soared 1880 bps — and 2023, when it plunged 2138 bps.
  • RLX Technology's Return on Capital Employed 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 soared 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Philip Morris International 277.78 Bn 274.30 Bn 6.91 Bn 35.59%
2 Altria 120.77 Bn 117.29 Bn 3.51 Bn 41.93%
3 British American Tobacco p.l.c 45.84 Bn 40.53 Bn - -
4 Turning Point Brands 1.66 Bn 1.49 Bn 68.30 Mn 12.15%
5 Universal 1.35 Bn 1.30 Bn 98.47 Mn 7.24%
6 RLX Technology 355.86 Mn -269.04 Mn 73.10 Mn 3.03%
7 Ispire Technology 97.40 Mn 79.11 Mn 1.99 Mn -133.15%
8 Rythm 54.37 Mn 21.11 Mn 10.40 Mn -122.16%
9 Greenlane Holdings 11.69 Mn -26.54 Mn 217,000.00 -95.07%
10 22nd Century 2.50 Mn -7.04 Mn -636,000.00 -15.55%

Historic Data

Download Data
DateValue
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%