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. Check strategic asset allocation of Turkish Airlines to assess the company's strategic physical and investment asset allocation.

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. See THYAO net asset value for net asset value and shareholders' equity analysis.

Turkish Airlines Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Turkish Airlines ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Central Pattana Public Company Limited BK:CPN	0.078x
Central Pattana Public Company Limited BK:CPN-R	0.078x
ALSTOM S.A. UNSP.ADR 1/10 F:AOMU	N/A
Securitas AB ST:SECU-B	0.095x
Formosa Plastics Corp TW:1301	0.025x
Indra A MC:IDR	0.004x
Krka d. d WAR:KRK	0.062x
Autoliv Inc NYSE:ALV	-0.029x

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. For the full company profile with market capitalisation and key ratios, see Turkish Airlines stock valuation.

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

$9.12 Billion

TL407.23 Billion TRY

Market Cap Rank

#2426 Global

#7 in Turkey

Share Price

TL296.75

Change (1 day)

-0.25%

52-Week Range

TL252.00 - TL347.75

All Time High

TL347.75