RLX Technology Inc
RLX Technology Inc., through its subsidiaries, develops, manufactures, and sells e-vapor products in the People's Republic of China and internationally. It serves the product through offline distributors. The company was founded in 2018 and is headquartered in Shenzhen, the People's Republic of China.
RLX Technology Inc (RLX) - Total Assets
Latest total assets as of September 2025: $17.43 Billion USD
Based on the latest financial reports, RLX Technology Inc (RLX) holds total assets worth $17.43 Billion USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
RLX Technology Inc - Total Assets Trend (2018–2024)
This chart illustrates how RLX Technology Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
RLX Technology Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
RLX Technology Inc's total assets of $17.43 Billion consist of 55.1% current assets and 44.9% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $337.86 Million | 33.2% |
| Accounts Receivable | $566.24 Million | 3.4% |
| Inventory | $142.55 Million | 0.8% |
| Property, Plant & Equipment | $74.90 Million | 0.4% |
| Intangible Assets | $52.80 Million | 0.3% |
| Goodwill | $59.58 Million | 0.4% |
Asset Composition Trend (2018–2024)
This chart illustrates how RLX Technology Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: RLX Technology Inc's current assets represent 55.1% of total assets in 2024, a decrease from 98.7% in 2018.
- Cash Position: Cash and equivalents constituted 33.2% of total assets in 2024, down from 64.5% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2018.
- Asset Diversification: The largest asset category is accounts receivable at 3.4% of total assets.
RLX Technology Inc Competitors by Total Assets
Key competitors of RLX Technology Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Cartel Blue Inc
PINK:CRTL
|
USA | $1.72 Million |
|
Gold Flora Corp
PINK:GRAMW
|
USA | $209.69 Million |
|
British American Tobacco Malaysia Bhd
KLSE:4162
|
Malaysia | RM1.26 Billion |
|
MERAVEST CAP.
DU:AEE1
|
Germany | €70.12 Million |
|
American Cannabis Company Inc
PINK:AMMJ
|
USA | $2.12 Million |
|
British American Tobacco p.l.c.
NYSE:BTI
|
USA | $109.29 Billion |
|
1606 Corp.
PINK:CBDW
|
USA | $14.60K |
|
Charlie's Holdings Inc.
OTCQB:CHUC
|
USA | $10.56 Million |
RLX Technology Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - RLX Technology Inc generates 0.14x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, RLX Technology Inc generates $ 3.27 in net profit.
RLX Technology Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 9.30 | 12.42 | 1.55 |
| Quick Ratio | 9.08 | 12.31 | 1.42 |
| Cash Ratio | 3.36 | 4.56 | 0.00 |
| Working Capital | $8.55 Billion | $ 8.16 Billion | $ 1.37 Billion |
RLX Technology Inc - Advanced Valuation Insights
This section examines the relationship between RLX Technology Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.26 |
| Latest Market Cap to Assets Ratio | 0.06 |
| Asset Growth Rate (YoY) | 3.4% |
| Total Assets | $16.87 Billion |
| Market Capitalization | $1.06 Billion USD |
Valuation Analysis
Below Book Valuation: The market values RLX Technology Inc's assets below their book value (0.06 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: RLX Technology Inc's assets grew by 3.4% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for RLX Technology Inc (2018–2024)
The table below shows the annual total assets of RLX Technology Inc from 2018 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $16.87 Billion | +3.41% |
| 2023-12-31 | $16.32 Billion | -0.39% |
| 2022-12-31 | $16.38 Billion | +0.08% |
| 2021-12-31 | $16.37 Billion | +2536.15% |
| 2020-12-31 | $620.80 Million | -57.01% |
| 2019-12-31 | $1.44 Billion | +1265.75% |
| 2018-12-31 | $105.74 Million | -- |