A couple of things, if you’re asking ME, I’d say it does, as long as it’s Unabridged. Many abridged versions are good, don’t get me wrong, but if I want to talk to you about the book itself, and the version you’ve read is cut for length, well, then we may not be able to speak about the details.
Second, as mentioned upthread, there’s the quality of the performance. A really poor performance causes me to tune out, and no, I’m not paying attention to details, any more than when I skimmed a novel for class. I had “read” the novel, and could talk to major themes and characters, but I lost out on detail. Not proud of it, but I’ll own up to it.
Lastly, we have a recentish (May 2022) prior thread running parallel (heh) to this one, with a very similar OP (in both senses!)