Aygaz AS (AYGAZ) — Capital Reinvestment Ratio
Aygaz AS (AYGAZ) has a Capital Reinvestment Ratio of 2.58x as of December 2025, meaning it reinvests 3% of its operating cash flow (TL202.57 Million) in capital expenditures (TL523.56 Million). Check Aygaz AS (AYGAZ) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Aygaz AS Capital Reinvestment Ratio (2003–2025)
This chart tracks Aygaz AS's Capital Reinvestment Ratio across 22 annual periods. For the full cash flow conversion analysis, see Aygaz AS cash conversion from operations.
Annual Capital Reinvestment Ratio for Aygaz AS (2003–2025)
Year-by-year Capital Reinvestment Ratio for Aygaz AS from 2003 to 2025. See AYGAZ cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (TRY) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.74x | TL2.18 Billion | TL1.62 Billion | ▼ -90.3% |
| 2024 | 7.65x | TL532.90 Million | TL4.07 Billion | ▲ +1803.6% |
| 2023 | 0.40x | TL2.77 Billion | TL1.11 Billion | ▼ -50.1% |
| 2021 | 0.80x | TL235.01 Million | TL189.06 Million | ▲ +159.0% |
| 2020 | 0.31x | TL276.50 Million | TL85.89 Million | ▲ +48.6% |
| 2019 | 0.21x | TL577.71 Million | TL120.72 Million | ▼ -53.1% |
| 2018 | 0.45x | TL233.28 Million | TL104.00 Million | ▲ +1.3% |
| 2017 | 0.44x | TL251.24 Million | TL110.53 Million | ▲ +159.1% |
| 2016 | 0.17x | TL582.38 Million | TL98.90 Million | ▼ -52.9% |
| 2015 | 0.36x | TL239.43 Million | TL86.29 Million | ▲ +26.1% |
| 2014 | 0.29x | TL284.63 Million | TL81.33 Million | ▼ -12.2% |
| 2013 | 0.33x | TL235.08 Million | TL76.48 Million | ▼ -44.7% |
| 2012 | 0.59x | TL162.61 Million | TL95.70 Million | ▼ -65.1% |
| 2011 | 1.69x | TL98.95 Million | TL167.00 Million | ▲ +725.8% |
| 2010 | 0.20x | TL388.44 Million | TL79.40 Million | ▼ -82.7% |
| 2009 | 1.18x | TL107.21 Million | TL126.35 Million | ▲ +504.0% |
| 2008 | 0.20x | TL376.52 Million | TL73.47 Million | ▼ -34.7% |
| 2007 | 0.30x | TL292.05 Million | TL87.20 Million | ▼ -77.5% |
| 2006 | 1.33x | TL118.56 Million | TL157.53 Million | ▲ +26.8% |
| 2005 | 1.05x | TL136.65 Million | TL143.17 Million | ▼ -62.7% |
| 2004 | 2.81x | TL40.93 Million | TL115.12 Million | ▼ -38.2% |
| 2003 | 4.55x | TL16.79 Trillion | TL76.40 Trillion | — |