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| 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% |