Aygaz AS (AYGAZ) — Free Cash Flow Generation Index
Aygaz AS (AYGAZ) has a Free Cash Flow Generation Index of -1.58x as of December 2025. Free cash flow of TL-320.99 Million represents -2% of operating cash flow (TL202.57 Million). Explore AYGAZ capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Aygaz AS Free Cash Flow Generation Index (2003–2025)
Historical FCF Generation Index trend for Aygaz AS across 22 annual periods. For the full cash flow conversion analysis, see Aygaz AS cash conversion from operations.
Annual Free Cash Flow Generation for Aygaz AS (2003–2025)
Year-by-year Free Cash Flow Generation Index for Aygaz AS. Check how aggressively does Aygaz AS reinvest cash to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (TRY) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.26x | TL560.55 Million | TL2.18 Billion | TL1.62 Billion | ▲ +103.9% |
| 2024 | -6.65x | TL-3.54 Billion | TL532.90 Million | TL4.07 Billion | ▼ -1210.8% |
| 2023 | 0.60x | TL1.66 Billion | TL2.77 Billion | TL1.11 Billion | ▲ +320.5% |
| 2021 | 0.14x | TL33.44 Million | TL235.01 Million | TL189.06 Million | ▼ -79.1% |
| 2020 | 0.68x | TL187.92 Million | TL276.50 Million | TL85.89 Million | ▼ -12.7% |
| 2019 | 0.78x | TL449.63 Million | TL577.71 Million | TL120.72 Million | ▲ +44.5% |
| 2018 | 0.54x | TL125.60 Million | TL233.28 Million | TL104.00 Million | ▼ -3.1% |
| 2017 | 0.56x | TL139.55 Million | TL251.24 Million | TL110.53 Million | ▼ -52.5% |
| 2016 | 1.17x | TL681.28 Million | TL582.38 Million | TL98.90 Million | ▼ -14.0% |
| 2015 | 1.36x | TL325.72 Million | TL239.43 Million | TL86.29 Million | ▲ +5.8% |
| 2014 | 1.29x | TL365.96 Million | TL284.63 Million | TL81.33 Million | ▼ -3.0% |
| 2013 | 1.33x | TL311.56 Million | TL235.08 Million | TL76.48 Million | ▼ -16.6% |
| 2012 | 1.59x | TL258.31 Million | TL162.61 Million | TL95.70 Million | ▼ -40.9% |
| 2011 | 2.69x | TL265.95 Million | TL98.95 Million | TL167.00 Million | ▲ +123.2% |
| 2010 | 1.20x | TL467.84 Million | TL388.44 Million | TL79.40 Million | ▼ -44.7% |
| 2009 | 2.18x | TL233.56 Million | TL107.21 Million | TL126.35 Million | ▲ +82.3% |
| 2008 | 1.20x | TL449.99 Million | TL376.52 Million | TL73.47 Million | ▼ -8.0% |
| 2007 | 1.30x | TL379.25 Million | TL292.05 Million | TL87.20 Million | ▼ -44.2% |
| 2006 | 2.33x | TL276.10 Million | TL118.56 Million | TL157.53 Million | ▲ +13.7% |
| 2005 | 2.05x | TL279.82 Million | TL136.65 Million | TL143.17 Million | ▼ -46.3% |
| 2004 | 3.81x | TL156.06 Million | TL40.93 Million | TL115.12 Million | ▼ -31.3% |
| 2003 | 5.55x | TL93.19 Trillion | TL16.79 Trillion | TL76.40 Trillion | — |