RLX Technology (RLX) Return on Capital Employed (2021 - 2026)
RLX Technology (RLX) posted Return on Capital Employed of 3.03% for Q1 2026, up 45.16% on a QoQ basis from 2.09% in Q4 2025, and up 290.0% year-over-year from 0.78% in Q1 2025.
RLX Technology (RLX) Return on Capital Employed (2021 - 2026) Analysis & Trends
RLX Technology's Return on Capital Employed history runs 6 years deep, the most recent figure standing at 3.03% for 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 283.0% from the prior year.
- Return on Capital Employed was 3.03% for Q1 2026 at RLX Technology, up from 2.09% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 21.8% in Q1 2022 and bottomed at 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 tumbled 2138 bps.
- RLX Technology's Return on Capital Employed stood at 7.26% in 2022, then tumbled by 146 bps to 3.33% in 2023, then surged by 80 bps to 0.67% in 2024, then jumped by 413 bps to 2.09% in 2025, then jumped by 45 bps to 3.03% in 2026.
- Business Quant data shows RLX's Return on Capital Employed at 3.03% in Q1 2026, 2.09% in Q4 2025, and 1.2% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 300.23 Bn | 294.78 Bn | 6.91 Bn | 35.59% |
| 2 | British American Tobacco p.l.c | 133.32 Bn | 128.01 Bn | - | - |
| 3 | Altria | 121.70 Bn | 118.17 Bn | 3.51 Bn | 41.93% |
| 4 | RLX Technology | 2.50 Bn | 1.83 Bn | 73.10 Mn | 3.03% |
| 5 | Turning Point Brands | 1.47 Bn | 1.43 Bn | 68.30 Mn | 12.15% |
| 6 | Universal | 1.35 Bn | 1.11 Bn | 98.47 Mn | 7.24% |
| 7 | Ispire Technology | 89.38 Mn | 71.30 Mn | 1.99 Mn | -133.15% |
| 8 | Rythm | 42.81 Mn | 9.55 Mn | 10.40 Mn | 92.11% |
| 9 | VPR Brands | 11.01 Mn | 8.30 Mn | 138,574.00 | -432.91% |
| 10 | Greenlane Holdings | 8.50 Mn | -29.73 Mn | 217,000.00 | -95.07% |
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% |