Turkish Airlines Capital Reinvestment Ratio
Turkish Airlines capital reinvestment ratio. 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 to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Turkish Airlines (2003–2025)
Capital reinvestment ratio of Turkish Airlines from 2003 to 2025. This chart tracks Turkish Airlines's Capital Reinvestment Ratio across 22 annual periods. See THYAO free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
Turkish Airlines Capital Reinvestment Ratio by Year (2003–2025)
Turkish Airlines capital reinvestment ratio by year from 2003 to 2025. For the full cash flow conversion analysis, see Turkish Airlines (THYAO) cash flow conversion.
| 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 | — |