Neural reasoning accuracy improves when generating intermediate reasoning steps. However, the source of this improvement is yet unclear.Here, we investigate and factorize the benefit of generating intermediate steps for symbolic reasoning. Specifically, we decompose the reasoning strategy w.r.t. step granularity and chaining strategy. With a purely symbolic numerical reasoning dataset (e.g., A=1, B=3, C=A+3, C?), we found that the choice of reasoning strategies significantly affects the performance, with the gap becoming even larger as the extrapolation length becomes longer. Surprisingly, we also found that certain configurations lead to nearly perfect performance, even in the case of length extrapolation. Our results indicate the importance of exploring effective strategies for neural reasoning models. 1