RLX Technology (RLX Technology) Total Assets : $2,285.0 Mil (As of Dec. 2023)

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What is RLX Technology Total Assets?

RLX Technology's Total Assets for the quarter that ended in Dec. 2023 was $2,285.0 Mil.

Warning Sign:

If a company builds assets at 162.1% a year, faster than its revenue growth rate of 63.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, RLX Technology's average Total Assets Growth Rate was 39.10% per year. During the past 3 years, the average Total Assets Growth Rate was 104.50% per year. During the past 5 years, the average Total Assets Growth Rate was 162.10% per year.

During the past 6 years, RLX Technology's highest 3-Year average Total Assets Growth Rate was 366.80%. The lowest was 81.90%. And the median was 104.50%.

Total Assets is connected with ROA %. RLX Technology's annualized ROA % for the quarter that ended in Dec. 2023 was 5.35%. Total Assets is also linked to Revenue through Asset Turnover. RLX Technology's Asset Turnover for the quarter that ended in Dec. 2023 was 0.03.

RLX Technology Total Assets Historical Data

The historical data trend for RLX Technology's Total Assets 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 Total Assets Chart

RLX Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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205.90

620.84

2,569.38

2,349.33

2,284.96

RLX Technology Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial														2,349.33	2,337.21	2,324.99	2,271.88	2,284.96

RLX Technology Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

RLX Technology's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	2184.591	+	100.373
	=	2,285.0

RLX Technology's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	2184.591	+	100.373
	=	2,285.0

RLX Technology (NYSE:RLX) Total Assets Explanation

Total Assets is connected with ROA %.

RLX Technology's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	121.856	/	( (2271.879	+	2284.964)	/ 2 )
	=	121.856	/	2278.4215
	=	5.35 %

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

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

RLX Technology's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	73.051	/	( (2271.879	+	2284.964)	/ 2 )
=	73.051	/	2278.4215
=	0.03

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

RLX Technology Total Assets 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 » Total Assets

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.