Turkish Airlines (THYAO) — 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 Turkish Airlines (THYAO) balance sheet quality index to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Turkish Airlines Capital Reinvestment Ratio (2003–2025)
This chart tracks Turkish Airlines's Capital Reinvestment Ratio across 22 annual periods. Check Turkish Airlines investment reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
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 Turkish Airlines stock valuation.
| 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 | — |