Rlx Technology Inc. - Understand $rlx stock

$RLX Market Cap: $2.327 Billion

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Financial Snapshot

Revenue

$2.526B

TTM

Gross Margin

25.4%

TTM

Net Earnings

$647.4M

TTM

Current Assets

Current Liabilities

Current Ratio

Total Assets

Total Liabilities

Book Value

Cash

P/E

3.594

Nov 29, 2024 EST

Free Cash Flow

$288.2M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018
Revenue	$1.586B	$5.333B	$8.521B	$3.820B	$1.549B	$132.6M
YoY Change	-70.25%	-37.42%	123.08%	146.53%	1068.48%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018
Revenue	$1.586B	$5.333B	$8.521B	$3.820B	$1.549B	$132.6M
Cost Of Revenue	$1.199B	$3.028B	$4.849B	$2.292B	$968.4M	$73.40M
Gross Profit	$387.7M	$2.305B	$3.672B	$1.528B	$580.9M	$59.20M
Gross Profit Margin	24.44%	43.23%	43.09%	39.99%	37.49%	44.65%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018
Selling, General & Admin	$711.7M	$924.6M	$1.193B	$1.215B	$492.6M	$55.00M
YoY Change	-23.02%	-22.53%	-1.78%	146.67%	795.64%
% of Gross Profit	183.57%	40.11%	32.5%	79.54%	84.8%	92.91%
Research & Development	$172.7M	$317.1M	$179.9M	$299.3M	$31.90M	$2.100M
YoY Change	-45.54%	76.26%	-39.89%	838.24%	1419.05%
% of Gross Profit	44.54%	13.76%	4.9%	19.59%	5.49%	3.55%
Depreciation & Amortization	$46.51M	$76.04M	$45.64M	$23.10M	$3.200M	$0.00
YoY Change	-38.83%	66.61%	97.57%	621.87%
% of Gross Profit	12.0%	3.3%	1.24%	1.51%	0.55%	0.0%
Operating Expenses	$884.4M	$1.242B	$1.373B	$1.514B	$524.6M	$57.00M
YoY Change	-28.77%	-9.58%	-9.31%	188.68%	820.35%
Operating Profit	-$496.7M	$1.063B	$2.299B	$13.20M	$56.30M	$2.200M
YoY Change	-146.71%	-53.74%	17314.43%	-76.55%	2459.09%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018
Interest Expense	$873.6M	$317.3M	$166.6M	$52.80M	$700.0K	-$100.0K
YoY Change	175.35%	90.39%	215.6%	7442.86%	-800.0%
% of Operating Profit		29.83%	7.25%	400.0%	1.24%	-4.55%
Other Income/Expense, Net	$214.9M	$399.6M	$194.2M	$36.50M	$16.50M	$0.00
YoY Change	-46.23%	105.78%	432.08%	121.21%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018
Pretax Income	$591.7M	$1.780B	$2.660B	$102.4M	$73.70M	$2.100M
YoY Change	-66.76%	-33.06%	2497.22%	38.94%	3409.52%
Income Tax	$50.76M	$371.6M	$631.4M	$230.5M	$25.90M	$2.400M
% Of Pretax Income	8.58%	20.87%	23.74%	225.1%	35.14%	114.29%
Net Earnings	$534.3M	$1.441B	$2.025B	-$128.1M	$47.70M	-$300.0K
YoY Change	-62.93%	-28.82%	-1680.57%	-368.55%	-16000.0%
Net Earnings / Revenue	33.68%	27.03%	23.76%	-3.35%	3.08%	-0.23%
Basic Earnings Per Share	$0.41	$1.09	$1.45	-$0.09
Diluted Earnings Per Share	$0.40	$1.09	$1.436M	-$81.55K	$30.71K	-$193.10

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018
Cash & Short-Term Investments	$8.115B	$10.79B	$12.85B	$3.081B	$463.2M	$68.20M
YoY Change	-24.78%	-16.06%	317.21%	565.07%	579.18%
Cash & Equivalents	$155.8M	$1.269B	$1.687B	$437.9M	$92.40M	$30.00M
Short-Term Investments	$5.724B	$9.520B	$7.644B	$1.967B	$327.7M	$0.00
Other Short-Term Assets	$509.6M	$219.5M	$417.9M	$414.9M	$414.6M	$2.700M
YoY Change	132.16%	-47.47%	0.72%	0.07%	15255.56%
Inventory	$144.9M	$130.9M	$589.1M	$329.1M	$219.3M	$14.20M
Prepaid Expenses
Receivables	$60.48M	$51.38M	$12.49M	$14.60M	$38.80M	$11.10M
Other Receivables	$154.2M	$8.112M	$78.74M	$27.60M	$46.90M	$8.200M
Total Short-Term Assets	$8.984B	$11.20B	$13.95B	$3.867B	$1.183B	$104.3M
YoY Change	-19.77%	-19.73%	260.78%	226.9%	1034.13%
Property, Plant & Equipment	$129.9M	$162.9M	$319.4M	$166.2M	$156.7M	$500.0K
YoY Change	-20.24%	-49.01%	92.19%	6.06%	31240.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.766B	$1.523B	$2.017B	$4.000M	$5.000M	$0.00
YoY Change	15.91%	-24.46%	50314.83%	-20.0%
Other Assets	$5.299B	$3.487B	$69.82M	$17.40M	$21.40M	$900.0K
YoY Change	51.98%	4894.21%	301.25%	-18.69%	2277.78%
Total Long-Term Assets	$7.331B	$5.181B	$2.414B	$193.0M	$261.2M	$1.400M
YoY Change	41.51%	114.59%	1150.88%	-26.11%	18557.14%
Total Assets	$16.32B	$16.38B	$16.37B	$4.060B	$1.444B	$105.7M
YoY Change
Accounts Payable	$375.8M	$269.3M	$506.1M	$535.8M	$150.5M	$17.20M
YoY Change	39.54%	-46.78%	-5.54%	256.01%	775.0%
Accrued Expenses	$148.4M	$335.2M	$541.8M	$330.0M	$94.80M	$4.700M
YoY Change	-55.72%	-38.14%	64.17%	248.1%	1917.02%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$258.9M	$423.0K	$782.8M	$935.2M	$348.8M	$68.80M
YoY Change	61115.84%	-99.95%	-16.3%	168.12%	406.98%
Total Short-Term Liabilities	$668.7M	$789.8M	$2.738B	$2.497B	$619.9M	$97.70M
YoY Change	-15.34%	-71.15%	9.65%	302.74%	534.49%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$707.3M	$1.100M
YoY Change				-100.0%	64200.0%
Other Long-Term Liabilities	$24.42M	$39.97M	$104.2M	$49.40M	$61.00M	$300.0K
YoY Change	-38.9%	-61.65%	111.0%	-19.02%	20233.33%
Total Long-Term Liabilities	$24.42M	$39.97M	$104.2M	$49.40M	$707.3M	$1.400M
YoY Change	-38.9%	-61.65%	111.0%	-93.02%	50421.43%
Total Liabilities	$705.7M	$809.8M	$2.850B	$2.551B	$1.338B	$99.10M
YoY Change	-12.85%	-71.59%	11.71%	90.71%	1249.95%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	1.311B	1.320B	1.401B	1.437B
Diluted Shares Outstanding	1.340B	1.328B	1.410B	1.437B
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $2.327 Billion

About RLX Technology Inc.

RLX Technology, Inc. operates as a holding company, which engages in the manufacturing and sales of e-vapor products. The company is headquartered in Beijing, Beijing and currently employs 397 full-time employees. The company went IPO on 2021-01-22. The firm is engaged in the activities in the e-vapor industry, from scientific research, technology and product development, supply chain management, to offline distribution. The firm provides closed-system rechargeable e-vapor products with various value-added features. The Company’s products are primarily sold in its offline retail outlets through its distributors, retailers and customer representatives.

Industry: Cigarettes Peers: