Optimize a function

I composed this function to convert a number to a time format (HH:MM:SS.T):

function convert_sec_HHMMSST(_arg:Number):String {
	var hr:int;
	var hrText:String;
	var min:int;
	var minText:String;
	var sec:int;
	var secText:String;
	var tenths:Number;
	var tenthsText:String;
	hr = Math.floor(_arg/3600);
	min = Math.floor((_arg - hr*3600)/60);
	sec = Math.floor(_arg - min*60 - hr*3600);
	tenths = Math.round(10*(_arg - hr*3600 - min*60 - sec));
	if (hr < 10) {
		hrText = "0" + hr.toString();
	} else {
		hrText = hr.toString();
	}
	if (min < 10) {
		minText = "0" + min.toString();
	} else {
		minText = min.toString();
	}
	if (sec < 10) {
		secText = "0" + sec.toString();
	} else {
		secText = sec.toString();
	}
	tenthsText = tenths.toString();
	return hrText + ":" + minText + ":" + secText + "." + tenthsText;
}


time.text = convert_sec_HHMMSST(8893.6); // displays 02:28:13.6

It works. But I’m thinking it could be optimized for performance. How would you pare it down?