RLX Technology (RLX Technology) ROCE % : -3.47% (As of Dec. 2023)

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What is RLX Technology ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. RLX Technology's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.47%.

RLX Technology ROCE % Historical Data

The historical data trend for RLX Technology's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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RLX Technology ROCE % Chart

RLX Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.55

1.13

30.35

6.97

-3.14

RLX Technology Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial														-12.16	-9.62	1.27	-0.97	-3.47

RLX Technology ROCE % Calculation

RLX Technology's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-69.565	/	( ( (2349.33 - 113.291)	+	(2284.964 - 93.649) )	/ 2 )
	=	-69.565	/	( (2236.039	+	2191.315)	/ 2 )
	=	-69.565	/	2213.677
	=	-3.14 %

RLX Technology's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-75.936	/	( ( (2271.879 - 84.027)	+	(2284.964 - 93.649) )	/ 2 )
	=	-75.936	/	( ( 2187.852	+	2191.315 )	/ 2 )
	=	-75.936	/	2189.5835
	=	-3.47 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

RLX Technology (NYSE:RLX) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

RLX Technology ROCE % Related Terms

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RLX Technology (RLX Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » RLX Technology Inc (NYSE:RLX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

3CM:Germany

Address

No. 10 South Chaoyang Park Avenue, 19th Floor, Building 1, Junhao Central Park Plaza, Chaoyang District, Beijing, CHN, 100026

Website

https://www.relxtech.com

RLX Technology Inc is engaged in the manufacturing of e-vapor products for adult smokers. It has an integrated offline distribution and "Branded store plus" retail model tailored to China's e-vapor market.