TAV Havalimanlari Holding (TAVHL) — Capital Reinvestment Ratio
Latest as of December 2025:
0.91x
TAV Havalimanlari Holding (TAVHL) has a Capital Reinvestment Ratio of 0.91x as of December 2025, meaning it reinvests 1% of its operating cash flow (TL95.67 Million) in capital expenditures (TL87.39 Million). See how much free cash does TAV Havalimanlari Holding generate to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.91x
Capex / Operating Cash Flow
Operating Cash Flow
TL95.67 Million
TRY
Capital Expenditures
TL87.39 Million
TRY
Data as of
Dec 2025
Most recent filing
TAV Havalimanlari Holding Capital Reinvestment Ratio (2003–2025)
This chart tracks TAV Havalimanlari Holding's Capital Reinvestment Ratio across 21 annual periods.
Annual Capital Reinvestment Ratio for TAV Havalimanlari Holding (2003–2025)
Year-by-year Capital Reinvestment Ratio for TAV Havalimanlari Holding from 2003 to 2025. For live market cap and broader valuation context, see TAVHL stock market capitalisation.
| Year | Reinvestment Ratio | Operating CF (TRY) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.62x | TL347.49 Million | TL214.07 Million | ▼ -23.9% |
| 2024 | 0.81x | TL315.88 Million | TL255.56 Million | ▼ -77.9% |
| 2023 | 3.66x | TL58.60 Million | TL214.42 Million | ▲ +656.2% |
| 2022 | 0.48x | TL278.38 Million | TL134.71 Million | ▲ +413.8% |
| 2021 | 0.09x | TL238.11 Million | TL22.43 Million | ▼ -99.2% |
| 2020 | 11.67x | TL3.18 Million | TL37.16 Million | ▲ +2204.6% |
| 2019 | 0.51x | TL132.27 Million | TL66.97 Million | ▲ +125.8% |
| 2018 | 0.22x | TL387.76 Million | TL86.95 Million | ▲ +55.2% |
| 2017 | 0.14x | TL278.55 Million | TL40.23 Million | ▼ -27.1% |
| 2016 | 0.20x | TL542.87 Million | TL107.64 Million | ▼ -75.4% |
| 2015 | 0.80x | TL941.70 Million | TL757.73 Million | ▲ +97.9% |
| 2014 | 0.41x | TL526.16 Million | TL213.98 Million | ▼ -8.4% |
| 2013 | 0.44x | TL526.37 Million | TL233.66 Million | ▲ +40.0% |
| 2012 | 0.32x | TL414.04 Million | TL131.31 Million | ▲ +6.6% |
| 2011 | 0.30x | TL355.50 Million | TL105.72 Million | ▼ -15.9% |
| 2010 | 0.35x | TL336.29 Million | TL118.90 Million | ▼ -76.2% |
| 2009 | 1.49x | TL209.68 Million | TL312.08 Million | ▲ +57.0% |
| 2008 | 0.95x | TL226.32 Million | TL214.61 Million | ▼ -87.2% |
| 2007 | 7.42x | TL16.72 Million | TL124.01 Million | ▲ +3772.4% |
| 2004 | 0.19x | TL107.05 Million | TL20.50 Million | ▼ -55.2% |
| 2003 | 0.43x | TL99.88 Million | TL42.68 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow