WooCommerce Analytics CPU Spike

Hello Team,

So here’s the issue I am getting CPU Spike with woocommerce when I go to woocommerce analytics tab my site get CPU spike, when I returned to WordPress dashboard it goes back to normal, I am on 2GB Cloudways Server and there is no user spike on the server, Also have disabled heartbeat + wp cron,

I am unable to understand why i am getting this spike when i run any analytics query!!!