RLX Technology Inc (RLX) — Cash Flow Reinvestment Rate

Latest as of December 2025: 0.38x

RLX Technology Inc (RLX) has a Cash Flow Reinvestment Rate of 0.38x as of December 2025, reinvesting $118.72 Million (capex $118.72 Million ) from operating cash flow of $310.22 Million. See how much free cash does RLX Technology Inc generate to measure how efficiently the company converts operating cash flow to free cash.

Reinvestment Rate

0.38x
(Capex + Investments) / Operating CF

Total Reinvested

$118.72 Million
Capex + Investments

Operating Cash Flow

$310.22 Million
USD

Capital Expenditures

$118.72 Million
USD

RLX Technology Inc Cash Flow Reinvestment Rate (2019–2025)

Historical reinvestment intensity for RLX Technology Inc across 7 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of RLX Technology Inc.

Annual Cash Flow Reinvestment Rate for RLX Technology Inc (2019–2025)

Year-by-year capital reinvestment analysis for RLX Technology Inc. See financial agility of RLX Technology Inc to measure the company's free cash flow as a share of total liabilities.

Year Reinvestment Rate Total Reinvested (USD) Operating CF Capex YoY Change
2025 0.20x $223.67 Million $1.10 Billion $118.72 Million ▼ -94.3%
2024 3.55x $3.03 Billion $854.35 Million $12.26 Million ▼ -72.5%
2023 12.91x $2.57 Billion $198.70 Million $32.41 Million ▲ +50.7%
2022 8.57x $4.17 Billion $486.83 Million $38.64 Million ▲ +92.6%
2021 4.45x $8.01 Billion $1.80 Billion $138.84 Million ▲ +529.5%
2020 0.71x $1.83 Billion $2.59 Billion $17.45 Million ▼ -59.5%
2019 1.75x $590.23 Million $338.12 Million $92.39 Million
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow