diff --git a/homeassistant/core.py b/homeassistant/core.py
index b2a00cce038..747affef76f 100644
--- a/homeassistant/core.py
+++ b/homeassistant/core.py
@@ -25,6 +25,7 @@ import os
 import pathlib
 import re
 import threading
+import time
 from time import monotonic
 from typing import (
     TYPE_CHECKING,
@@ -1620,10 +1621,24 @@ class StateMachine:
         if same_state and same_attr:
             return
 
-        now = dt_util.utcnow()
-
         if context is None:
-            context = Context(id=ulid_util.ulid_at_time(dt_util.utc_to_timestamp(now)))
+            # It is much faster to convert a timestamp to a utc datetime object
+            # than converting a utc datetime object to a timestamp since cpython
+            # does not have a fast path for handling the UTC timezone and has to do
+            # multiple local timezone conversions.
+            #
+            # from_timestamp implementation:
+            # https://github.com/python/cpython/blob/c90a862cdcf55dc1753c6466e5fa4a467a13ae24/Modules/_datetimemodule.c#L2936
+            #
+            # timestamp implementation:
+            # https://github.com/python/cpython/blob/c90a862cdcf55dc1753c6466e5fa4a467a13ae24/Modules/_datetimemodule.c#L6387
+            # https://github.com/python/cpython/blob/c90a862cdcf55dc1753c6466e5fa4a467a13ae24/Modules/_datetimemodule.c#L6323
+            timestamp = time.time()
+            now = dt_util.utc_from_timestamp(timestamp)
+            context = Context(id=ulid_util.ulid_at_time(timestamp))
+        else:
+            now = dt_util.utcnow()
+
         state = State(
             entity_id,
             new_state,