Turkish Airlines (THYAO) - Cash Flow Conversion Efficiency

Latest as of December 2025: 0.050x

Based on the latest financial reports, Turkish Airlines (THYAO) has a cash flow conversion efficiency ratio of 0.050x as of December 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (TL1.07 Billion ≈ $23.88 Million USD) by net assets (TL21.31 Billion ≈ $477.38 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. Also see THYAO company net worth for the company's overall valuation and market capitalisation.

Turkish Airlines - Cash Flow Conversion Efficiency Trend (2003–2025)

This chart illustrates how Turkish Airlines's cash flow conversion efficiency has evolved over time, based on yearly financial data. View latest Turkish Airlines stock price today for real-time trading data and today's change.

Turkish Airlines Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Turkish Airlines ranked by their cash flow conversion efficiency. Review THYAO free cash flow to operating cash ratio to assess how much free cash flow the company generates relative to operating cash flow.

Company	Cash Flow Conversion Efficiency
Lynas Rare EARTHS Ltd AU:LYC	0.025x
Element Solutions Inc NYSE:ESI	0.033x
New Oriental Education & Technology Group Inc MX:EDUN	0.045x
Autoliv Inc ST:ALIV-SDB	-0.028x
Corteva Inc NYSE:CTVA	-0.018x
MITSUIO.S.K.LINES ADR/1/2 F:MIL	N/A
ENN Ecological Holdings Co Ltd SHG:600803	0.023x
Engie Brasil Energia S.A. SA:EGIE3	0.078x

Annual Cash Flow Conversion Efficiency for Turkish Airlines (2003–2025)

The table below shows the annual cash flow conversion efficiency of Turkish Airlines from 2003 to 2025. Also see Turkish Airlines balance sheet assets for a full breakdown of the balance sheet.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	TL21.31 Billion ≈ $477.38 Million	TL4.30 Billion ≈ $96.35 Million	0.202x	+3474.30%
2024-12-31	TL680.01 Billion ≈ $15.23 Billion	TL3.84 Billion ≈ $86.01 Million	0.006x	-47.44%
2023-12-31	TL457.11 Billion ≈ $10.24 Billion	TL4.91 Billion ≈ $110.00 Million	0.011x	-98.33%
2022-12-31	TL181.43 Billion ≈ $4.06 Billion	TL117.01 Billion ≈ $2.62 Billion	0.645x	-91.07%
2021-12-31	TL6.84 Billion ≈ $153.13 Million	TL49.36 Billion ≈ $1.11 Billion	7.220x	+4991.25%
2020-12-31	TL39.51 Billion ≈ $884.94 Million	TL5.60 Billion ≈ $125.49 Million	0.142x	-92.54%
2019-12-31	TL6.86 Billion ≈ $153.56 Million	TL13.03 Billion ≈ $291.82 Million	1.900x	+16.89%
2018-12-31	TL5.91 Billion ≈ $132.44 Million	TL9.61 Billion ≈ $215.31 Million	1.626x	-4.16%
2017-12-31	TL5.31 Billion ≈ $118.99 Million	TL9.01 Billion ≈ $201.85 Million	1.696x	+343.52%
2016-12-31	TL5.07 Billion ≈ $113.66 Million	TL1.94 Billion ≈ $43.47 Million	0.382x	+33.33%
2015-12-31	TL14.09 Billion ≈ $315.58 Million	TL4.04 Billion ≈ $90.53 Million	0.287x	-0.67%
2014-12-31	TL9.15 Billion ≈ $205.03 Million	TL2.64 Billion ≈ $59.22 Million	0.289x	-29.22%
2013-12-31	TL6.96 Billion ≈ $155.94 Million	TL2.84 Billion ≈ $63.63 Million	0.408x	+8.12%
2012-12-31	TL5.41 Billion ≈ $121.06 Million	TL2.04 Billion ≈ $45.69 Million	0.377x	+9.38%
2011-12-31	TL4.50 Billion ≈ $100.76 Million	TL1.55 Billion ≈ $34.77 Million	0.345x	+50.14%
2010-12-31	TL3.75 Billion ≈ $83.93 Million	TL861.17 Million ≈ $19.29 Million	0.230x	-32.70%
2009-12-31	TL3.44 Billion ≈ $77.16 Million	TL1.18 Billion ≈ $26.35 Million	0.341x	-31.08%
2008-12-31	TL2.99 Billion ≈ $66.89 Million	TL1.48 Billion ≈ $33.14 Million	0.495x	+83.09%
2006-12-31	TL1.61 Billion ≈ $36.05 Million	TL435.57 Million ≈ $9.76 Million	0.271x	-22.51%
2005-12-31	TL1.25 Billion ≈ $27.96 Million	TL435.94 Million ≈ $9.76 Million	0.349x	+20.97%
2004-12-31	TL1.11 Billion ≈ $24.86 Million	TL320.45 Million ≈ $7.18 Million	0.289x	-50.57%
2003-12-31	TL881.11 Trillion ≈ $19.73 Trillion	TL514.56 Trillion ≈ $11.52 Trillion	0.584x	--

About Turkish Airlines

IS:THYAO Turkey Airlines

Market Cap

$8.84 Billion

TL394.53 Billion TRY

Market Cap Rank

#2428 Global

#8 in Turkey

Share Price

TL287.50

Change (1 day)

+1.14%

52-Week Range

TL264.50 - TL348.25

All Time High

TL348.25