Turkish Airlines (THYAO) — Capital Reinvestment Ratio
Latest as of December 2025:
0.62x
Turkish Airlines (THYAO) has a Capital Reinvestment Ratio of 0.62x as of December 2025, meaning it reinvests 1% of its operating cash flow (TL1.07 Billion) in capital expenditures (TL660.00 Million). See THYAO free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.62x
Capex / Operating Cash Flow
Operating Cash Flow
TL1.07 Billion
TRY
Capital Expenditures
TL660.00 Million
TRY
Data as of
Dec 2025
Most recent filing
Turkish Airlines Capital Reinvestment Ratio (2003–2025)
This chart tracks Turkish Airlines's Capital Reinvestment Ratio across 22 annual periods.
Annual Capital Reinvestment Ratio for Turkish Airlines (2003–2025)
Year-by-year Capital Reinvestment Ratio for Turkish Airlines from 2003 to 2025. For live market cap and broader valuation context, see market cap of Turkish Airlines.
| Year | Reinvestment Ratio | Operating CF (TRY) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.47x | TL4.30 Billion | TL2.02 Billion | ▲ +40.7% |
| 2024 | 0.33x | TL3.84 Billion | TL1.28 Billion | ▲ +89.2% |
| 2023 | 0.18x | TL4.91 Billion | TL866.58 Million | ▲ +24.1% |
| 2022 | 0.14x | TL117.01 Billion | TL16.64 Billion | ▼ -6.9% |
| 2021 | 0.15x | TL49.36 Billion | TL7.54 Billion | ▼ -89.3% |
| 2020 | 1.43x | TL5.60 Billion | TL8.00 Billion | ▲ +223.5% |
| 2019 | 0.44x | TL13.03 Billion | TL5.75 Billion | ▼ -21.4% |
| 2018 | 0.56x | TL9.61 Billion | TL5.40 Billion | ▲ +67.6% |
| 2017 | 0.34x | TL9.01 Billion | TL3.02 Billion | ▼ -13.5% |
| 2016 | 0.39x | TL1.94 Billion | TL751.64 Million | ▼ -22.0% |
| 2015 | 0.50x | TL4.04 Billion | TL2.01 Billion | ▼ -3.4% |
| 2014 | 0.51x | TL2.64 Billion | TL1.36 Billion | ▼ -34.2% |
| 2013 | 0.78x | TL2.84 Billion | TL2.22 Billion | ▲ +18.2% |
| 2012 | 0.66x | TL2.04 Billion | TL1.35 Billion | ▼ -4.6% |
| 2011 | 0.69x | TL1.55 Billion | TL1.08 Billion | ▼ -42.9% |
| 2010 | 1.21x | TL861.17 Million | TL1.04 Billion | ▼ -8.5% |
| 2009 | 1.33x | TL1.18 Billion | TL1.56 Billion | ▲ +751.9% |
| 2008 | 0.16x | TL1.48 Billion | TL230.33 Million | ▼ -93.7% |
| 2006 | 2.47x | TL435.57 Million | TL1.08 Billion | ▲ +127.6% |
| 2005 | 1.09x | TL435.94 Million | TL473.12 Million | ▲ +193.3% |
| 2004 | 0.37x | TL320.45 Million | TL118.56 Million | ▲ +202.5% |
| 2003 | 0.12x | TL514.56 Trillion | TL62.94 Trillion | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow