I was browsing through the Android Wifimanager class and I found this method:
public boolean isDeviceToApRttSupported ()
Returns true if this adapter supports Device-to-AP RTT
But what is Device-to-AP RTT?
RTT = round trip time = time of a signal going from one device to the other and back
Judging just from the name of the method this should answer the question if measurment of rtt is possible (supported) or not.
speculative: It's more likely that this answer is given for your android device and its wifi-hotspot feature and not for any remote devices that are connected.